VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[joezapp]

eric and Newtrader: You really haven't figured this game out yet. IF SVXY gets back to it's prior levels, that would take YEARS to occur. The SVXY had a total reset. Additionally, another day like Monday at any point in the future will take it down exponentially again...likely to $1-$2. This is not an instrument to hold long-term. You need to get off this game when looking for long-term gains and find something that doesn't carry the downside risk. It took years to find out, but SVXY is a short-term gamble, not a long-term investment!