The economy is getting much better and way off the numbers from 07/08. Housing pump will continue, unemployment should continue it's ticking down through 2014.
I think this is just a quick dump for sideliners to jump in. We've ramped quite a bit from the start of the year, bears are finally getting their week. The taper is a good thing though and signals a stronger economy.
When the market turns though, UVXY is going to drop so fast it's not even funny. It's made to depreciate either way over time.
My call for VIX is 13 and UVXY at $50 by Next Friday
skipped 83 added 100 more 84.50 here
I think the real question is what will push it lower?