While in New York two weeks ago, I shot three videos for Yahoo! Breakout with Jeff Macke. My thoughts on the VIX and volatility can be found here, but in this video Jeff and I discussed some specific ideas.
You can watch the full video interview here.
We’ve been bullish consumers stocks for awhile now and the main reason is expectations are so very low in the face of strong price action. Remember, we like to buy low expectations, not low prices.
Check out how low consumer confidence is with the SPX back up near recent peaks. Think about it, the SPX is back to 2000 levels, yet overall consumer confidence is more than cut in half.
Here are the four plays from this area and why I liked them, straight from Jeff Macke himself.