VelocityShares Daily 2x VIX ST ETN (TVIX)

[august1991]

I agree...and China not looking to good...BEIJING | Tue Jul 23, 2013 11:09pm EDT

(Reuters) - Activity in China's vast manufacturing sector slowed to an 11-month low in July as new orders faltered and the job market weakened, a preliminary survey showed on Wednesday, suggesting the world's second-largest economy is still losing momentum.

The flash HSBC/Markit Purchasing Managers' Index fell to 47.7 from June's final reading of 48.2, a third straight month below the watershed 50 line which divides expansion from contraction and the weakest level since August 2012.


Also with Detroit filing bankruptcy.....Im thinking it opens the door to other cities that have been struggling...