Buying VXX, TZA

 

Equities markets are now so ridiculously overvalued and run-up, to historic extremes, along with margin debt, sentiment, and myriad other fundamental and technical measures, with runaway speculative manias clearly evident in other facets of finance and society, that it's arguably reasonable to expect at least a 100% jump sooner than later in levered general short positions. 

We're again attempting to profit on the down side of stocks, via:

VXX which closed today at $32.59 and TZA which closed today at $12.46 

We won't set stops for these, at least not yet, and we don't suggest entering such positions without clear awareness of risks in this type of levered instrument or without one's individual risk tolerance and portfolio balance in mind. 

Markets haven't had a turn downward worth mention since the end of 2015, and 2017 especially hasn't been kind to short sellers.  2018 should be very different, and a significant top seems imminent.

Prudent persistence pays.

 

 

 

 



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