I'm starting to (many are) think about positioning for the next long vix
etc.) market (short) cycle. Not saying it's here, yet but many are starting to put on protection. CNBC had a good segment on options action friday 4/1 it folds into this. Last bounce for the big cycle was when vix
was lingering in the 12's and dipped quickly into the upper 11's. One of the analysts on cnbc made an interesting comment..something to the effect of "don't get caught falling into reasoncy..we tend to think whatever is happening will continue to happen".