Last week before last brought this con job:
Remember these words, because we're going to be hearing them a lot:
Bethesda, MD (February 6, 2018) – ProShares, a premier provider of ETFs, announced today the performance on Monday of the ProShares Short VIX Short-Term Futures ETF (SVXY) was consistent with its objective and reflected the changes in the level of its underlying index. We expect the fund to be open for trading today and we intend to continue to manage the fund as usual.
"You took a 90% haircut in one day, which was consistent with our objective of taking your money for the eight years prior to that"
"The performance of the minimum volatility implosion fund was consistent with the bullshit you needed to believe when you bought it"
Low volatility is dead. It died a sudden and unexpected overnight death.
There's a new sheriff in town, and its name is high volatility - overnight delivery, guaranteed.