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LONG - ETFs XIV Daily Inverse Vix

NASDAQ:XIV   VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN
There’s been a 30% spike in volatility over the past two days and the market is now slightly oversold. The price movement in the US is muted but the fear has begun to rise as seen in the VIX             and also seen in the emerging markets countries which tend to swing quickly to extremes. A normal pullback will see a bottom within the next few days and then a resumption of the upward trend for at list one week.

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