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Hedging Equity Portfolios By Being Long SPY Volatility Does Not Always Work

|Includes: SPY, iPath S&P 500 VIX Short-Term Futures ETN (VXX)

Hedging equity portfolios by being long volatility does not always work.

http://finance.yahoo.com/q?s=^VIX&ql=0

VOLATILITY S&P 500 (^VIX)

-Chicago Options

(1.67%) 1:21PM EDT

http://finance.yahoo.com/q?s=VXX&ql=0

iPath S&P 500 VIX ST Futures ETN (NYSEARCA:VXX)

-NYSEArca

(-0.98%) 1:21PM EDT - Nasdaq Real Time Price

http://finance.yahoo.com/q?s=SPY&ql=0

SPDR S&P 500 (NYSEARCA:SPY)

-NYSEArca

(-0.23%) 1:21PM EDT - Nasdaq Real Time Price

Disclosure: I am long SPY.