iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,471 Blog Posts

Inverse ETF’s Soar As Market Plunges

Just in case you were pondering where to put your money the next time the market craters, take a look at today’s melt up in some of America’s finest weapons of financial destruction.

TVIX +9.7%
ERY +8.07%
SOXS +7.4%
EDZ +7.29%
ZSL +6.71%
TZA +6.16%
DUG +5.49%
EEV +4.89%
SMN +4.85%
VXX +4.59%
SPXU+4.58%
BGZ +4.5%
FAZ +4.38%
TWM+4.11%

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7 comments

  1. IgotTZAed

    FIG

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  2. BlindReadAnt

    When only McDonald’s, Starbucks, Southwest and H & R Block are up in the S&P, sellbots have stepped in.

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  3. theedge111

    Only imbeciles will own stocks as this all plays out. Funny to watch.

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    • The Fly

      Oh please. And what do you call the people who have been short for 6,000 points?

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      • theedge111

        Imbeciles

        Cash is king for now as long as the dollar holds up. At least thats where I am for the most part. I am a little short and hold some metals so I am about even for the day.

        Rally is WAY overdone. Wall St is deader than a doornail. Credit markets=DEAD…Investment banking=DEAD…..Housing=DEAD….No one is doing deals and this rally was a sham from the beginning…. You know it and I know it because I see and hear about it everyday.

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        • Po Pimp

          No one is doing deals

          This is one of the most idiotic things ever posted and there have been some doozies. Have you not paid attention to “Merger Monday” for the last fucking year?

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  4. rookie

    don’t forget sco.. i decided to jump in and short some crude futures… we are at the 102 pivot.. don’t see any more downside from here.

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