The low numbers of the Volatility Index scares me. The old saying goes, “When the VIX is low; it’s time to go. When the VIX is high, it’s time to buy.” The VIX is low right now. That usually signals a market top because most options traders of the S&P 100 stocks are complacent. There will be high dividend stock bargains when the stock market takes a dive. Take this time to assemble your watch list.
Read this Zeal LLC essay on the volatility index (VIX or the VXO) if you don’t know what I’m talking about: http://www.zealllc.com/2008/vxospx.htm
Be seeing you!
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