January 02, 2013 at 09:17 AM EST
Volatility-Linked ETFs Still Crashing with VIX on Fiscal Cliff Deal
The iPath S&P 500 VIX Short Term Futures ETN (NYSEArca: VXX) was down 21% from Monday’s intraday high in Wednesday’s premarket trading as global markets surged after leaders in Washington reached a last-minute deal on the U.S. fiscal cliff. VXX is an exchange traded note designed to track...
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