Thanks for the swift answer about the (UVXY). I got 7% profit in one day, so I'll close. What about the (VXX)? Can that be held for longer?

As for your question about Europe, it is not doing good. The reasons why are so simple. Spain, Portugal, Italy and Greece have very different economies and different business cycles than Germany, France, and Belgium.

Sweden never joined the euro currency because we knew that our business cycle is not the same as Germany and France, Belgium and some other country I have forgotten about.

Hence we knew we needed our own central bank and our own currency to counterbalance these differences. That?s exactly what Spain, Italy, and Greece need.

The problem in the EU can never be solved with QE because Greece, Italy and Spain need the Euro to always be much, much weaker than Germany, which is a net beneficiary of the Euro.

Do you know what happened in Spain after they adopted the Euro? The cost of a beer went from ???2-3 to ?7-8 in many places. As a tourist, it's no longer cheap to go to Spain because it's almost the same price as in Sweden now, and?it used to be half price!! Imagine how bad that is for a tourist-based country.

 

Regards,

Per
Sweden

John Thomas responds: Yes, Per, the IPath S&P 500 VIX Short-Term Futures ETN (VXX) can be held for longer because I expect an imminent volatility (VIX) spike, and the cost of the contango with a 1X ETF will be much lower.

First, thanks for all that you do.? To have a job that you love, and one that does so much good for so many families is a great blessing to all of us.? I am a new retiree, and a recent subscriber. I followed your posts for at least two years before pulling the trigger. Knowing that you and your group were there gave me the courage to retire?a little earlier than I would have - maybe by four or five years.

So, how do you thank someone who has given you an extra couple of years of life? Thanks for those extra years, and for the possibility of growing what we have, and might receive in the future, into something that might help our grandchildren get a good start on their educations and their lives in a few years.

Thanks,

Dave
Delta, Utah

Going to renew my membership today because you provide great ideas. I think you have a lot of integrity in your messages.? We may not agree politically, but you have nailed many of the concepts you shepherd.? I have become a fan and look forward to your writing every day.

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Cleveland, Ohio

I?m Such a Saint!

John, you make me laugh. Following you has been awesome. If it weren?t for you, I'd have been a mega bear for the last three years.

Cheers

Justin
Western Australia

Nice work! ?You do great analysis and execution.?I got a 100% overnight profit on the (UVXY) calls!

Zev
Potomac, Maryland

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