$XIV $SVXY destruction

in svxy •  7 years ago 

With the financial crisis 2008, the banks failed one by one. The failure of SVXY and XIV is possibly equivalent of a major financial institution failure. This gives credence to the move down in the SPY and I would thus expect much more. It would mean that the market top was hit DOW $26,616 Jan 26, 2018. They can't let it go on. What will happen with UVXY is my next question. I still don't think they can control this thing. I will probably stay away from UVXY entirely. I will be shorting bounces in the market from here indefinitely until it proves itself wrong.

Legal Disclaimer:
This is my opinion only.
This is for entertainment purposes only.
This is NOT financial advice nor a recommendation to buy or sell anything.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!