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SilasBarta comments on Open Thread: May 2010 - Less Wrong
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To save everyone the googling: VXX is an exchange traded fund (basically a stock) whose value tracks the level of the VIX index. The VIX index is a measure of the volatility of the markets, with higher values indicating higher volatility (volatility here generally implying lost market value). VIX stands at about 33 now, and was around 80 during the '08 crisis.
Does that mean VXX stock becomes more expensive/valuable when the volatility grows, or when it goes down?
VXX becomes more expensive when volatility grows.
Thanks, I meant to include a link to that. I'll edit it.