Fade the Fear

One lesson learned throughout the 4 year bull market is this: fade the fear, buy the pullbacks, and ride those positions to new highs. We've noted the elevating VIX readings of late, closely resembling levels hit during the mini melt-down in late February and early March. The market just hasn't flinched, as if it wants to go higher; and once the tension dissipates, she might catapult ahead. Therefore, maintain composure (that's right, i said composure as opposed to exposure) and wait patiently to see if the market can bounce in the face of the rising bearishness. It has in the past and perhaps it will again.