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

Check out my interview Tuesday on CNBC "Squawk on the Street". You can hear my take on whether or not we have seen a bottom and the indicators an investor should look to in reading this market. http://www.cnbc.com/id/15840232?video=938781078&play=1

In the past two days of trading, the VI X has plunged to 64.70 and is down 20 percent since it's record high last Thursday. Clearly, The government bailout of Citigroup and President Elect Obama's announcement of the Chairman of the New York Fed Timothy Geithner to be the next Treasury Secretary has sparked this market rally. Unclear however, is how long all of this will last. The economy still has not healed from bad news in home sales, unemployment, and the bleak situation of financial institutions worldwide . In light of all this, are we starting to climb out of this financial abyss or was this just a bear market rally? Time will most certainly tell.

As the credit crisis expands the Vix stays high. Dan Deming spoke about this stability in the VIX as well as other topics on last week's Bloomberg Volatility Report and CBOE TV. http://media.bloomberg.com/bb/avfile/Markets/Vol_Report/v_GtVXLC1l80.mp3 http://www.cboe.com/TradTool/webcast.aspx?channel=885& movieid =42831

October was a volatile month to say the least. This made Dan Deming a busy man in newspapers across the country. Here a few examples of his take on the VIX this past month. http://www.cnbc.com/id/26999636 http://www.kansascity.com/business/moneywise/v-print/story/857383.html http://www.cnbc.com/id/27313390