Y'all are a bunch of wankers!

The cautionary tale on active investing

Because "Investing" is for the long haul.

But "Active" is for the short haul.

Oxymoron, eh?
Permalink SaveTheHubble 
February 9th, 2018 8:00am
They're called bear markets for a reason. Bears eat people.
Permalink Send private email xampl9 (Moto phone) 
February 9th, 2018 8:33am
Bulls run them over.  I can't see much benefit either way.
Permalink SaveTheHubble 
February 9th, 2018 8:39am
XIV - they were picking up pennies in front of a steamroller
Permalink FSK 
February 9th, 2018 6:43pm
And idiots to bet all ypur savings on one stock
Permalink FSK 
February 9th, 2018 6:44pm
pennies? it was up 100% in a year
Permalink asssdddffgb 
February 9th, 2018 8:28pm
How many years of 100% gains do you need to offset a 100% loss?  (95% actually, so 20 years)

They were betting that volatility would drop at a time of historically low volatility.  The fact that other idiots were making the same trade pushed down the VIX futures even more.

Then when it spiked a little, there was a short squeeze, due to all that short interest.  Due to the formula of XIV, they were forced to buy, pushing up the price, forcing them to buy more.

What I want to know is, who make a killing selling VIX futures at 50?  Probably Credit Suisse's prop desk was on the other side of that trade, while XIV was forced to sell.
Permalink FSK 
February 9th, 2018 11:04pm
> while XIV was forced to sell.

forced to buy rather
Permalink B B 
February 12th, 2018 11:03pm

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