The squid thinks QE3 gets announced next week. http://www.zerohedge.com/news/capit...downgrades-us-economy-sees-one-three-risk-rec
The herd must have heard the news yesterday, so possibly active today to get out. I noticed they did not bring down the good stocks, maybe because they do not own good stocks.
Yea I am kicking myself, after seeing the low below $27.50 this morning I did not even think $36+ would occur today, I ran out of it as soon as the markets dipped into the red at $32.50. I will be buying it back when the VIX settles under 20 which will happen quite fast, a few hundred point + days in a row and the VIX could easily lose 25-35% sending TVIX under $25. You know I usually know the inverse of the inverse etfs but for some reason I am searching for it on their website and cannot find it. Velocityshares.com $37.23!!!!!!!!!!!!!!!!!!!!!!! ahhhhhhhhhhhhhhhhhhhhhhhhhh All those gains that could have been mine!!!! NOT COOL!
As much as i want to believe that, thats not the case. They will come in and save the markets again, they always do. The market is now begging for intervention and BUBBLE ben bernanke will decide this weekend to step in next week and offer the markets hope! hahahaha TVIX now $38.15!!!!!!!!!!!!!!!!!! Close to a $1000 worth of missed gains!!!!
This market needs to reverse some time during today because if it doesn't Monday is going to look even worse!!!!
What I am at a loss to explain is why the Euro is where it is. I cannot figure out why that has not tanked.