ACEMAN

Crude Oil ETN to Close Down

Y'all are crying over an ETF or an ETN, when y'all mostly don't know the difference even if y'all read the prospectus. what y'all read was some half-brained instant expert on this here channel and jumped to high heaven salivating on the 200% short as y'all perceived it.All markets and especially commodity markets are deceptive, markets are turbulent, timing is everything as big gains and losses are concentrated time wise, prices are not points on a smooth curve but look like a jagged edge of the gnarliest mountain peak y'all ever seen, markets are uncertain, y'all need to estimate future volatility, and any valuation of the ETN, ETF is in truth a fiction. Why? because most investors like to hold onto a target to aim at---even if it is a moving target. Y'all got skunked by believing in these sorts of ETF's and ETN's as absolutes. So how do you survive in a world with out absolutes? Some people and some investors do it well all the time. So here is the skinny: the prime mover in financial markets is not value or price, but price differences; not averaging, but arbitraging. Arbitrage assumes no intrinsic value, you simply observe and forecast a difference in price, and try to PROFIT from it. And just remember a full understanding of arbitrage pricing is the realization that the mean is not golden. In NOLA a beignet is to be eaten and it ain't no fibonacci golden rule.