Hedgehog… Wedgehog…Facts known and unknown…

Posted on Mar 02, 2012 by in Letters

The TVIX gives you double the movement of the VIX.  We toyed with the VIX a short while ago, took a small loss on it when it didn't go anywhere and now on a whim are hedging by buying the TVIX.  This may only be for a few days but after being bitten by the gold and silver this week we thought we'd just buy a little insurance.  It just an expense when nothing happens but when you roll your Porsche over it's nice to have (actually the wife rolled our last Porsche over into her house a few years ago --smart move of her).

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