your smart, but you would be smarter to buy more TVIX when you think it has finally bottomed... then sell in a a week or two when we have a 20% upswing! i've sold a few more of my positions too and a majority of my 401k is in a short term cash account. i completely avoided the 2009 crash just out of dumb luck, then watched my 401k double during the up years :) i hope to repeat soon... i think the media thinks we're stupid and we can't read between the dumb headlines speaking of the GREAT RECOVERY, fudged housing numbers, fudged unemployment numbers. seriously, they need to just give up and stop the propaganda. the comment sections below each story speak the truth when it comes to the feelings of middle america!