ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[Montanore]

I don't think so.

Think of it this way--the world is awash in cheap currency that is endlessly created. That 'money' loses value quickly, so where is a good liquid place to put it?

Not treasuries--no return. Not real estate--not liquid. Gold and silver? Not liquid.

THE STOCK MARKET is where it goes. It's the only game in town. That's why this will continue to erode. Sure, there will be quick jellyfish-like pops here and there, but you have to guess at it. Mostly, it will drift down like it has done today.