Bottom line sell...sell sell... Earnings gonna be negative with no end in site....risk off...period ..the level of gov intervention should be your sign to get out...
And people think buying gold is for loons....meanwhile back at the printing machine they print money and books about random walks and indoctrinating books on economics
Here's my recommendation... Short 20% of your allotted amount for the trade.. keep adding as it goes up until your 50% of your total allotment.. hold for 5 years. Done
The vxx derives its price and value from rolling in the vix futures... If vix futures curve stays in backwardatiin for months and months the rolling of the vxx position will cause the value to increase all things equal