Savvy Trades and Investments

[linuspop]

The VIX was up @ 45% today, so I actually shorted TVIX and VXX. Might be early to do so - and the VIX isn't really that high at this level (after coming off of historic lows) - but I think it drops back to the 12-13 level in the coming days/weeks. Add in the "decay" of these leveraged ETNs and a short position can have a nice gain.

Fundamentals of the economy are strong, but p/e's are high and the market needed an reason (Trump) to take a breather, imo. If Trump were to get impeached, Pence becomes President and he gets to appoint a VP. I think Pence would put forth a similar pro-business agenda. In this scenario, the media would be in a frenzy but Wall Street may not mind (or welcome) this POTUS change. Should be interesting!