BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU

s&p futures are way down

[starman1975]

wow, just as suspected.  big institutions are selling after hours.  gonna have a great weekend.

[AaronW]

I think this will extrapolate over the weekend, wouldn't be surprised to see a gap up over 10

[Gold1975]

Well at least I got one laugh this week...get your head out of the clouds my friend

[VIXUPUP]

Yeah agree. After the Turkey situation I see markets selling off early next week and a gap up to 9+. Should see 10-12 range on this next week. Brexit was nothing, this is the real thing happening now in Turkey. At the very least dollar should spike sending stocks further down. Also see fed rate increase more likely now with the last week's economic news and record highs.

[Gold1975]

Oh you guys are talking about the price of the VIX going to 10-12 bucks. Silly me I thought you were talking about HVU. My misunderstading as the latter would have been really ridiculous!

[VIXUPUP]

Yeah the days of VIX at 12 and 13 grinding lower are over as of this coming week. Hope you enjoted the year lows last week. Should see big moves up on VIX into the next few days and weeks. Next week should be in the mid teens at least on gap up.  Also US Dollar will go higher and crush any S&P bulls. Not counting the panic stock selling on Monday. Turkey threatens WAR with America over

[Gold1975]

Why on earth would there be panic selling on Monday? What has changed to cause that this weekend. Did we experience another 9/11?

[Steven1]

Monday always starts in Asia. If we start to see a selloff in Asia (Nikkei down and the Yen up), we‘ll see some spillover to Europe.  The US markets have mostly been able to fight this off over the past months.   So far markets that are open on Sundays the Middle East (Tel Aviv ect) aren’t showing any selloff activity

[Gold1975]

There will be a little pullback this week but I don't think we're going to be seeing $10 anytime soon..

[curiousbuild]

Nikkei is closed today.. let's see how Turkey's stock market reacts and Europe.. Turkey's GDP is around $1T so unstable state is a risk for region and country.. CB

[Steven1]

Apart from destroying it’s tourist industry and any chance of foreign investment, the attempted coup will have no impact on the markets.   US earnings will dominate the markets this week. So far it’s not looking any better that Q1 and nowhere near 2014/early 2015. The Shiller PE ratio for the SP is at 27.  A normal PE ratio is around 20   The PE ratio can go down in two ways: 1

[starman1975]

p It seems as though no bad news can bring the S&P down.  

[Eric1212]

Doesn't it's the definition of a bubble ?

[Steven1]

It’s a potential bubble. If earnings rebound in 2nd half 2016 and 2017 and there is also minor pull back, the PE will get back to low 20’s. No bubble In 2000, the PE ratio hit 43, with the expectations that earnings would follow. This was bubble. The financial sector mostly has low PE ratios. Amazon is sitting at a PE Ratio of 300. Facebook at 70.  Netflix at 340. If the tech sector doesn

[Eric1212]

Financial sector are in down trend this Q2 compared to last year Q2... (For the moment...) But you true that Amazon, Facebook, Netflix and etc are way too speculative... For me, a good PE for multinationals is 10, not 20, 20 might be good on a growing economy but our planet are mature, there wont be such a growth. Even from developping world... Maybe a PE 15 to 18 in good years but this year

[curiousbuild]

$15 subscripton fee business can't even grow domestically let alone world growth. And people are talking all about growth in the world and China.. Netflix sucked ballzzz today with 300 PE ratio.. Moar helicopter money to bubble up these markets.. CB

[MayorRobFord]

The bubble will burst when the Feds stop supporting the stocks. This is a lot of room for S&P to go higher first, and lots more room for HVU to drop first. S&P up slightly, but HVU quite a bit. Lucky I bailed on this p.o.s., after seeing the premium of the July future over cash VIX. 2 more days before expiry.

[MayorRobFord]

BTW, in 2 more days the august future takes over and it is just under 16, while cash VIX is at 12.4? That is a 20% premium, without leverage. with contango and time decay.

[Steven1]

True.  But HVU is based on the short term VIX Futures Index. Also when VIX gets over20+ (wishful thinking :) VIX futures will go down during a rollover. Those things tend to even out.   I agree with the decay part (but for different reasons). Mainly because HVU can’t be replicated exactly to the short term VIX Futures Index. That decay is quite bad.

[curiousbuild]

imagine a coup attempt in France after all terrorist attacks and president's all time low popularity ever in France? VIX to 150 then :) CB

[curiousbuild]

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[MayorRobFord]

That's right, VIX futures are well overpriced considering the current cash VIX. There is a lot of risk already built into the prices at any given time, January futures are already over 20. Expiry in a few days and the  futures are still well above the cash VIX. On P/E ratios, during the tech bubble, it was over 40, while now it is a modest 26, when the Feds are supporting prices at

[Eric1212]

We doesn't have any correction in the last 12 months, we have low and high but no correction. A normal ratio for a well positioned compagny is 10, not 20 considering the risk. On private market, it's often 1 or 2, maybe 3 times the earning ! Put things in perspective, it's far from realist to keep ratio at 20 with this low-growing world economy. In other words, you can expect for a