Market Currents
About $580M pulled out of the largest VIX ETF (VXX) since the market began heading down in late...
-
Tuesday, June 5, 2012, 2:55 PM ETAbout $580M pulled out of the largest VIX ETF (VXX) since the market began heading down in late March gives strength to the idea the fund is less about speculation, more about hedging. "If history is any guide, a spike in VIX would result in significant redemptions of VIX products," said Barclays' Maneesh Deshpande back in April. Correct.
Other date
Latest Articles
This news story has 4 comments:
Now for the Jamie Diamond response: Yes, absolutely it's for hedging. We need more hedging products like the VXX who's contango wiped out lazy Muppets investors. If the Muppets only understood the Contango DANCE...... Dance until you pass out and slam your head on the floor; they would just say NO and Go like Crack. But hey, then again what investor takes responsibility for his own stupid actions? When People finally take full responsibility I think I can say my life is complete but until then I will watch the Flies get Zapped into the Blue Light of the VXX. No matter how many Mosquitoes die they just keep coming back! Yeah isn't that funny?
Yesterday P/C Ratio at .31 was last seen AUG 08, 2011 at or near the bottom of SPX. Here we are again.
This time it's different.......No Money, No Jobs, Obama, and my Wife took my money. :)
Happy Trading.
I am long VXX but in at 16 and sold calls to the suckers who were buying on the spike.