For weeks, the VIX has been notching down daily as stocks climbed to new highs. The recent Fed tapering concerns to growth have been put on hold.  Breaking the March 14th 11.30 was in sight but yesterday’s 11.84 close fell short.

2013-08-06-AThe VIX is up +5% this morning.  Not a surprise to have big up days at bottoms.  With stocks at highs and the VIX near lows, this is a good time to buy vol.

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