I swapped out of TVIX and am in cash today. A strange feeling, being so heavily wiped out from XIV. I agree, but I won't buy back into XIV until Monday pre market, maybe tonight post market. I'm concerned that something I don't know will happen, like all of a sudden the ETN will break down and not follow the VIX in reverse, or it will hit a minimum and be liquidated to cash....
WHERE IN YOUR ORIGINAL POST DOES IT SAY ANYTHING ABOUT EMINI NASDAQ ? HAD ANYONE TAKEN YOU MORONIC ADVICE THEY WOULD HAVE MISSED OUT ON THE CHANCE TO SELL HIGHER INSTEAD OF SELLING AT A SHORT TERM BOTTOM
FUTURES DOWN!!!!!! Lets see what asian markets bring to the table, aside from that BUBBLE ben bernanke is speaking this week, should be FUN!!!!!!!!!!!! S&P FUT 1120.60 -3.40 -0.30% DOW FUT 10790.00 -30.00 -0.28% NAS FUT 2036.25 -4.75 -0.23% 5 mins later and futures have gotten even worse!!!!!!!!!!!!!!!!!!1 Stocks Log Worst 4-Week Drop Since Mar. 2009 S&P FUT 1119.00 -5.00 -0.44% DOW FUT 10775.00 -45.00 -0.42% NAS FUT 2032.25 -8.75 -0.43% Better hope for a relief rally tomorrow hahah DAMN and the futures just getting worse by the minute!!!! S&P FUT 1118.20 -5.80 -0.52% DOW FUT 10761.00 -59.00 -0.55% NAS FUT 2030.50 -10.50 -0.51% 23 minutes into the futures opening! S&P FUT 1115.00 -9.00 -0.80% DOW FUT 10732.00 -88.00 -0.81% NAS FUT 2027.50 -13.50 -0.66% Every few minutes they are losing ground, this is a great buying opportunity because all the fools on wallstreet said the SPX was going to close 2011 at 1350+ hahaha...Fucking Idiots!!!!
In crisis markets, Monday typically over-reacts due to weekend balance checkers doing the panic bit..... watch for a key reversal day. If not Monday, then Tuesday.
Hooah. S&P starting to go back down to 1122.25. NQ gave back 17 points to 2040.25. The only way the call in this thread will look good is if we never break the highs during the trade, and we do actually continue several percent lower. I think it is great that Colonel Gaddafi is getting overthrown. It will be a new age for Middle Eastern Relations and we're getting that in the oil price these last few days.
You're too emotional..... 11:40 pm - EDT: Stocks trading in Asia shake off early losses to trade in positive territory. Hong Kong gains early.
Agreed, I think markets will regain a little today and perhaps also tomorrow. I am bearish though overall (from 2 weeks to 2 years timeframe).