i posted i thought TVIX would bottom at $12, not that it cannot go below that level. this was before the latest round of employment data, which came out better than expected.
if you look at an historical chart of the $vix, it's been lower than where it currently sits, but not by much. the 200 month moving average is 22 and it now sits at 17.10, the 50 month average is 27.34.
TVIX, when given half a chance, will probably hit $20s again, or far higher than that depending on what the catalyst is. as you know, it's a fear indicator in the market, and any sort of global disturbance, financial or otherwise, will push traders into a defensive position.
this is not something i'm rooting for. it's just a fact of life.
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