We’ve had a terrific rally over the past three months. In the ETF world of endless structures, there are seemingly endless ways to skin a cat. In Exodus, we quarantine the ETFs and have them organized nicely for easy navigation. Before I get into my favorite (no, it’s not TLT), here are the best performers over the past 3 months.
Right in the middle of that list is an ETF dubbed ‘XIV’. It’s, essentially, a money printing business, in that it short volatility. In a world of command economics, endless bailouts and fear of decline, nothing imbues the character of the market better than XIV. It is a bet against free markets. Being long XIV will ensure that you’re aligned with the global tzars who manage economic prosperity for all of the field workers below.
Over the past 3 months, it’s up 62%, as volatility was suppressed and crushed into pieces. But over the past 12 months, it’s actually down by 32%, perhaps a sublime opportunity to partake in the splendor of global authoritative hegemony.
On the other hand, should free markets ever get released from its prison, shares of XIV will likely dissipate into nothing at all.
BUYERS BEWARE!!!
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Fly, you know I like you. But you have been completely wrong…scaring everyone out of the market with doom & gloom…for a very long time now.
I’ve been ‘scaring people’ out of the market since 1/1/16.
Being that the market collapsed in early 2016, marking the worst start to a new year since the 17th century tulip collapse, people have missed out on a whole 3 months of market joy, listening to me.
Oh, wait a second. My sole position is up 9.5% for the year (TLT) and the NASDAQ is down 1.5%.
What tragedies you’ve all endured listening to me.
this is why I read your blog. you are hilariously sarcastic. I would hug you but then you would bear claw me into the oblivion of crushed souls.
Everyone’s responsible for their own investment decisions. This blog should only be one of several tools you use to make investment decisions. If your decisions are solely based on this blog, you might as well turn your money over to a professional money manager and let them make decisions for because you’re essentially turning your money over to The Fly and letting him tell you what to do.
The Fly goes through periods where he’s overly cautious and periods where he’s overly reckless. I do more outside research when I see him doing either.
During the dips this year, I continued to buy but with increased caution. I had a lot more money to put to work in the last couple of weeks but kept some extra powder dry. I bought a bit but was tempted to buy more. But buying more would have been reckless; there are still more than a few caution flags out there.
yah and NUGT. now watch DUST
Prefer XIV over SVXY? If so, why, better average volume?
I think SVXY is more levered? I don’t know.
Truth is, people, I am having far too much fun being editor of the site than I ever was investing money. If I was managing money now, I am sure I’d be playing the rally. But I’m not fake and do not pretend to do things that I am not really doing.
My bias is for the world to end. Is that too much to ask?
For some reason, I think most here would rather that not happen.
I want a reset of credit and equities so i can make real investments. The current math does not add up to real investments.