Roger Nusbaum submits: Could ten be the new twelve? In the last few years 12 seems like it has been a number of significance for the VIX index. As I write this, VIX is printing below 10. While I am not sure what to make of this, if you look at this long-term chart, VIX itself seems no less volatile -- it just seems to be moving in shallower waters.
Equity Office Properties Trust (EOP) and Phelps Dodge Corp. (PD) are big fishes in their respective ponds. Less supply of stock in these two areas is a positive. Both sub-sectors could still decline but less supply is a tailwind.