Quick VIX

Tuesday will mark VIX December's expiration, marking yet another volatile month. The good news is that the VIX has retreated from its mid November high of 80. Although still considered to be very high, a retreating VIX has allowed some investors with a window of buying opportunity. The bad news is that it appears that this window was not open for too Long . With the current VIX level, fear still surrounds this market. Investors are concerned about the Big 3, the implications of a new Obama Administration, and more wall st. scandals. Perhaps January's VIX will lead to more clarity.

This week, it was Matt Shapiro's turn. Correctly, he predicted a mid-week market rally based on his analysis of a retreating VIX. To hear his report click on this link and choose the December 3rd Bloomberg Volatility Report. http://www.bloomberg.com/tvradio/podcast/volatility.html

Over the past week, the bulls have had their ways on Wall St. So, what does all of this mean? To help us find an answer, catch Dan Deming's interview with CNBC's Erin Burnett during last Friday's "Squawk on the Street". http://www.cnbc.com/id/15840232?video=942788133