BUY MORTIMER

In the picture above- the VXO volatility index (OEX)- plotted against the SPX 500- also included in the VXO chart are bollinger bands between 2/3/4 standard deviations from the 50 SMA - and right now about as stretched as they get- our friend Fari calls these sigma channels- and I bet he would reach a similar conclusion-

Other recent times that the VXO was stretched - although not quite this far:

March 6- 09 SPX 693

July 8 -09 SPX 880

Sept 2- 09 SPX 995

Oct 2-09 SPX 1025

Oct 30- 09 SPX 1036

So here we go again - stretched at 4 standard deviations on the VXO - my best guess - BUY MORTIMER.