- Higher again today, the Volatility Index has gained for six straight sessions and is now at a 7-week high. Taper fear makes for a good excuse, but Baird's Bruce Bittles says the stock market - after notching its longest string of weekly advances in nearly a decade - simply needs a break.
- MKM's Jim Strugger says a number of potential negative catalysts lie ahead - notably Fed meetings in mid-December and late January, the January 1 deadline to sign up for Obamacare, and January 15 end of the current government spending authority (don't forget Friday's employment report).
- VXX +3.6%.
- ETFs: VXX, UVXY, TVIX, XIV, VIXY, SVXY, VXZ, ZIV, VIXM, VQT, CVOL, VIIX, XVZ, VIXH, ACWV, PHDG, XVIX, XXV, TVIZ, IVOP, VIIZ
at Benzinga.com (Jan 8, 2015)