VelocityShares Daily 2x VIX ST ETN (TVIX)

[Newyorker]

Friday’s 391-point drop in the Dow – a nearly 2.5% fall – ended the worst 10-day start to a year in U.S. market history.

The average stock in the S&P 1500 – which includes about 90% of all stocks in listed in the U.S. – is now down more than 26% from its high.

The standard definition of a bear market is a sustained fall of 20% or more from recent highs.

Bill Bonner.