This past week we saw some continued gains to the summer rally. I had a chance to discuss my latest thoughts on the market on CNBC’s “The Halftime Report” last Thursday and Friday. On topic was the rally. When we see a rally like this it’s always important to have your eyes on the VIX. The VIX currently is priced at 25, however September and October futures are priced around 30. What all of this may mean is that investors are seeking some protection. As I discuss on the show on the both days, I believe there has been some over buying for this protection. This may be why the market is continuing to rally and not pulling back just yet. In other topics, I discuss why Disney stock may not be going past 30, but at the same time may be a good dividend stocks. And, since the VIX is dropping the fear out of this market isn’t what it used to be which makes investing in stocks and options your best option in compared to treasuries as we head towards 1,000 on the S&P.
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