happened since then. dennis gartman pointed it out well on monday, saying "i was short and now i am going along because i don't know what to do." people seem to be buying the index like the s&p and nasdaq and selling calls against it and buying puts against it. essentially, the way that is reflected in the markets is that puts are getting really expensive. options market makers again throwing their hands of any air. -- throwing their hands up in the air. >> if you take a look at the vix, lower lows and lower highs. if you look at the 10 year yields, also drifting lower, currently below 2.5%, how much of an interplay is there between the low yields we are seeing in treasuries and the asset classes including stocks and derivatives? >> that, again, is a reflection of confidence.