Vix Continues to Look Resilient
We're consistently making higher lows, and I suspect this time is no different. Maybe it's just me, but Vix looks incredibly cheap, considering the fact that half of America's GDP has just been replaced with a printer. We're going to run into the long-term descending (green dotted) trendline soon, and Vix will explode. The current policy path is not sustainable, and if Vix is indicating accumulation from institutional (smart) money, then that's what I'm buying. I'm currently holding UVXY, and HUV, along with a couple Nasdaq shorts. I'm paying out the ass in premiums, but I'm working my position so I don't miss the main event. This next "correction" is going to be epic. If anything changes with my positions, or outlook, I'll post an update here for you guys immediately. Cheers! Michael.
PS Don't forget to check out the Hedge of the World website for our live daily play-by-play of markets.
PS Don't forget to check out the Hedge of the World website for our live daily play-by-play of markets.
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