I am a believer that this bear market is not over. seems unlikely to me that the longest Bull market is followed by the shortest Bear market (I stole that).
Since the advent of QE and massive Central Bank stimulus programs Volatility has been suppressed significantly. Technically the VIX volatility index at ~$18 is a buy in my books. Got in last week just below 18 and am looking for capitulation to sell into.
It just seems hard to believe that the Vol we saw in December was the last of it... Good place to add hedges if you are of the opinion risk assets are going higher as well.
As major Equity indices are now sitting at a significant resistance level and have shown signs of weakness this seems like a pretty good risk/reward play right here. I expressed my long through Options (fighting Theta).