Six years and a point apart

The surprising day-to-day correlation between SPY in 2004 and SPY in 2010 continues.  The 21-September closing values were 112.96 (2004), and 113.98 (2010)—not exactly a rousing endorsement of buy-and-hold strategies. This year’s SPY has traded below the old SPY line since mid August, but it just crossed over, challenging the top 2004 trendline (see below).    It appears that the scary months of September and …

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VXX prospectus

You can find Barclays’ VXX prospectus here.  The prospectus covers both the short term VXX, and the medium term VXZ. This post discusses going long on VXX. This post discusses some choices if you think VXX is going to go down. For an estimated date for VXX’s next reverse split see this post. For an overview of how VXX works, see “How Does VXX Work?” …

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