| VXX over the Past 10 Years. Chart Courtesy of Nasdaq.com |
The VIX measures stock market volatility. Over the past ten years, it has declined from over $14,000 to about $35. That is due to the masseuse skills of the Federal Reserve Bank, which is lightening its deep tissue, shiatsu, and Swedish massage. The VXX is up 6% today according to Yahoo Finance. Stock market declines are usually short, absent government intervention as occurred under Franklin D. Roosevelt's administration, but steep. They are, of course, difficult or impossible to time.
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