VelocityShares Daily 2x VIX ST ETN (TVIX)

[Sgreg]

Ash I made a lot on UWTI today. I had bought it at 1.22 and 1.18 yesterday. Also LABU.

Speculators are looking pretty stupid right now that were saying there is a good chance of a recession. The data was not and isn't there in the US economy to back that up at all right now. The data today on consumer spending was good. A lot of short speculators have been trying to conjure up fear with a lot of BS that simply isn't backed up by data. I believed a correction was justified because of over-valuation and rate hikes usually dip a market. That fear conjuring by short speculators was to be expected too. They always resort to that.