VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[eric4x]

Buy order set for XIV at $16.*

I am still keeping my (half) buy order for $14, but I changed the $11 order to $16. This is a little bit like closing the barn door after the horse has escaped, but I believe it will get back down to these levels.*

I can't guess how high we'll go before the debt ceiling crisis hits, or how high we'll go shortly after it's resolved. But we do have a debt ceiling crisis coming. This "Cliff Mess" has a part two. Some say it will be worse than part one, and even worse than the previous debt ceiling crisis.*

http://www.businessinsider.com/goldman-why-this-debt-ceiling-fight-could-be-even-more-of-a-nightmare-than-the-last-one-2013-1

From the bottom paragraph, by Joe Weisenthal:

Goldman estimates that March 1 will be the day the US hits the hard debt ceiling. That's also the same day, coincidentally (?) that the sequester is supposed to kick in. Circle it on your calendars.