Europeans still believe in Draghins to appear and burn all the shorts! Well, that was one hell of a short squeeze, it truly was! But now that the DJIA is up over 1,000 points in a couple days on rumors.... I'm going to short this. "This time is different", I don't really think so myself.
Hope the guys here rode the wave up though? I got in XIV at 10.99, what a timed buy! I noticed today though it looked like the vix was showing the readjustment of big institutional portfolios, so we shall see. And yesterday's rally had one of the lowest professional participations of the year... Food for thought.