RespireRx Pharmaceuticals Inc (RSPI)

[food4thought]

Bigworld,
I had dumped my VXX at 30 a week or so ago because I could no longer take the pain and more analysts were pushing for a continued bull market. It finally does appear now though that the elements of a long term bear market are coming together. I don't see another rally anytime soon here with a double dip formation. I think the slide is pretty much straight down hill. I'm considering shorting SPY or buying into a China short ETF or a combination of several bear etf's. I'm getting out of all my long positions tomorrow other than good ole cor. VXX seems to be lagging the VIX by several percent points regardless of action... it falls faster and climbs slower than the VIX. I know it's a futures play but shouldn't the charts begin to merge at some point? Anyway 2010 I think is a year for the bears. The hedgies may continue to lock in their 2009 profits tomorrow which would continue the broad sell off. At some point getting back into gold, say mid 900's, would be a good idea, I just don't think that is a gamble I'm willing to take anytime soon either. Looks like cash will be king near term.