The First Move Downo Get More Active Here?

We're looking for that first kind of elevator drop in the market so we can add some tactical longs in the broad indexes and start to build back exposure in those sectors. Even there, we can defray a good part of the downside with the hedges that we use. But it's not perfect. Every hedge has some kind of deductable, and we have hit those deductables a few times over in the last month or so in gold miners. We just have to be patient. Because i'm looking at a chart of the s am p. Volatility is about the same when you look at the vix a.