lt cap,

I know this is obvious - but just got up recently, saw a dow elevated to 332 or so, dropped quickly to around 140 within 5 or 10 minutes, now rebounded into the 200's. And I'm sure your high vix reading must be somewhat selective - optical networkers very strong today, other interesting stocks (Ford, which traded at an astounding low of $10.44 yesterday, before it rebounded into the $13's, is pretty anemic. today.) I'm mulling whether that selectivity can be exploited or if it's a 'bear trap' of sorts. Hard to understand how a major company like Ford can have 30% of its market cap disappear in a day. only to 'reappear' later in the day. It *could* be a buy here int the $13's - dividend is around 4.5%. Lower gas prices may provide some help. But that volatility is distorting everything. I maintain that it's hard to figure out what fair values are in a market that has been/is this manipulated. Still, folks who bought some big names at discount prices (you, Jon, Jester) have timed it well, esp. having sold at a profit or optioned out shares to lock in gains.  Nice going.