Tuesday, April 16, 2013

Fix The VIX Campaign...


I definitely wasn't the smart money today!  When 'puts' come to shove, we've got a President who's more passionate about raising taxes than fighting terrorism and I'm still getting hammered by VIX ETFs + SPY puts, a concoction that proved to be more lethal than magical today...

If only I had taken profits yesterday, I thought to myself today... perhaps in several weeks, the conviction bulls will be lamenting the same to themselves.  


-8.26% SBA
-2.54% Roth IRA

+1.08% DJIA
+1.50% Nasdaq
+1.43% S&P 

-0.62% FTSE
-0.74% Eurofirst
-0.41% Nikkei
+0.59% Shanghai
+2.11% SENSEX... Whoooooooa, Maharajas...

+0.09% WTI
-0.68% Brent
+0.93% Gold
+0.44% Copper
+2.63% Corn

+1.12% EUR/USD
+0.92% USD/JPY
+2.24% EUR/JPY

+2.22% DJT
-19.17% VIX


Kind of feel bad for the VIX ETF investors who bought at the market top, but if you sold, you definitely struck gold...  

                        YTD Market Cap                     2012 Market Cap
VXX                    $6.076 billion                          $1.2 billion
UVXY                  $13.35 billion                        $342.9 million
TVIX                   $6.39 billion                          $188.2 million



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