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TonyTexas

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Posts posted by TonyTexas

  1. 24 minutes ago, Beau Vine said:

    Things that piss me off:

    ^VIX (which you can't buy) is up 54% this morning.

    ^VIX3M (which you can't buy) is up 26%.

    VIXM (which I own) is up 2.76%.

     

    FUCK.  ME.

    1. VIX ETFs don't reflect the VIX index 
      By any measure, VIX futures indexes—and therefore VIX ETFs—do a lousy job emulating the VIX index. The VIX index is truly uninvestable, and over periods of a month or a year, the return pattern of VIX ETFs will differ radically from that of the VIX index.
    2. VIX ETFs tend to lose money—significant money—in the long run 
      VIX ETFs are at the mercy of the VIX futures curve, which they rely upon for their exposure. Because the typical state of the curve is upsloping (in contango), VIX ETFs see their positions decay over time. Decay in their exposure leaves them with less money to roll into the next futures contract when the current one expires. The process then repeats itself, leading to massive double-digit losses over the course of a typical year. These funds almost always lose money long term.
  2. Tua is a damn good QB with health being his only question mark. His stats are great. He has finished 2nd in QBR the last 2 years, finishing behind only the 2 Heisman winners. 

  3. Shame on the cop and shame on the school. If this was my daughter, I think I’d be joining her in jail. 

    The Orlando Police Department has released footage of a 6-year-old girl being arrested.

    According to The Tampa Bay Times, Kaia Rolle was being read a story when officers showed up to arrest her after she had a “tantrum” earlier in the day.

    The arrest occurred at Lucious and Emma Nixon Academy on Sept. 19, 2019. Rolle’s family shared body camera footage with the Orlando Sentinel this week. 

    What are those for?” Rolle asks the officer, referring to zip ties used to handcuff suspects.

    Defend democracy. Click to invest in courageous progressive journalism today.

    “They’re for you,” Officer Dennis Turner replies.

    00:0000:51

    “No 
 no, don’t put handcuffs on!” Rolle begs. “Help me, help me, please!”

    Turner was eventually fired after the arrest sparked national outrage.

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