VelocityShares Daily 2x VIX Short Term ETN (NASDAQ:TVIX)

CAPS Rating: 1 out of 5

Recs

1
Player Avatar PavewayIII (< 20) Submitted: 10/15/2011 10:54:18 PM : Outperform Start Price: $5,890.99 TVIX Score: +0.76

From my UVYX pitch:

Euro banks have run out of the QEx supplied USD to either lend out or buy USD assets. The insolvent Euro-banks of-the-week are increasingly unloading USD assets as their USD liquidity dries up. I can't imagine the temp EUR/USD pop will be anything but extremely short-lived. I would expect the dollar to resume it's climb as it will in the early stages of any global recession.

I have to go with the doom-and-gloomers here: U.S. equity markets are already over the cliff. Bouncing off an outcropping a third of the way down is really no cause for celebration. I expect volatility to take off again when the algos resume their fight over the rapidly-dwindling pile of cash at the casino tables.

UVXY and TVIX are like fez-and-vest-wearing flying monkeys . When they show up in numbers, you know things are going from bad to worse.

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