Wednesday, September 15, 2010

Unless the Market Swoons VXX is an ETF of the Devil

The almost useless VXX ETF is working its normal magic today.

CBOE Volatility Index +4.3%
VXX ETF -0.2%

This ETF was created simply to steal people's money.  I could understand a lag of say 40%...heck even 60%.  But VXX is not even going in the same direction!  Only during big duress does it do anything remotely right.

Long VXX because I enjoy pain in fund; no personal position


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