The fed is feeding this market with freshly printed money. That's why its melting up. Get familiar with Peter Schiff. He's one of the people who predicted the 2008/09 meltdown. See what he's saying about the next one.
This is not to say TVIX is a long term hold. It is a trading vehicle only. Long term, by design, it moves to zero just like XIV moves to new highs long term.
There is a good chance TVIX is the greatest opportunity in a long time, but then aging you never know. I know nothing really. I see what I see, and that's all.
Best of luck to all for we are gonna need it. Better to be lucky than good or better to be good, lucky and time things right.
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