have diadics does not help you recover any faster or reduce symptoms compared to taking an active cboe. to read more on this study and have a link of life is the fan page. faugh >>mark: it is the best story in sports, last night there was a buzzer beater to knock off the rafters. jeremy lin a three-pointer capping its finishing flurry and the knicks rallied for a 90-87 victory extending their winning streak to six. in new york, they're calling it "lin-sanity", it was even bigger in toronto. it was the raptors second sellout of the entire season. a big night for jeremy lin. >>george: we are continuing to track a hot spot of 580 westbound. the drive time is now 40 minutes coming out of tracy at the tool 5-580 interchange getting out to air we boulevard. fatefully, all of the lanes have been opened. numerous vehicles are still in the center divider that is what traffic is still so slow past the scene. all the kron4 news will take a break in to be right back. off fog fact for fog rarer park

cboe climbing as stocks, take out the vics, up 7.5%. 20 on friday, first time that happened since mid-january. over to you b bill. >>> market is coming back, maria. >>> two weeks ago paul richard said buy the dollar, yen, target of 78, we hit that and more as you can see, what do do you take profits or keep this trade going here? and what about euro dollar right now, as it continues? paul richards will talk about how to trade it. bottom line you like the dollar. >> i do, bill. the dollar yen trade works, boj surprised us overnight, inflation at 1%, increases assets by 10 trillion yen. target inflation at 1%, average minus point 3%. for my money, i think they will tie and dollar yen trades above 80. >> hang on to that one. now what about the euro dollar situation, 1.30 as it continues to move lower because what is going on in athens and brussels, what is your trade there? >> i think greece is not going away, bill. look, the eu ministers are very frustrated with the politicians in agregreece. i think the market has greek fatigue. you have

the cboe's volatility index looking flat throughout the session, it is positive right now, up almostvel, spent much of the day here in that range, right there, maria. >>> bill, the opening market showing some real strength in 2012, our next guest, ken marshener, says investors need to be care half is ahead. keeping a close eye on the volatility index and what it is not telling investors. ken, good to have on the program. thanks so much for joining us. we just saw bill talk about that vix index, down to 1718, low levels. what is that signaling? >> at the moment that is signalling that equity markets should move about 1% per day and what i think potentially miss, the tail risks out of europe, largely the consensus view the european crisis will be resol resolved, greece will get its bailout package, able to restructure their debt, a lot of movinging pieces there potential for things to go wrong, people shouldn't discount the tail risk. >> what are you looking at in terms of the tail risk and how are you investing around that? >> what's interesting, if you look at the volatility term str

. >>> the cboe volatility index down more than 20% this year. the u.s.thstanding. leads us to wonder whether now is the time to take on more risks or safer investments like dividends still the better way to go. bill mcveil is the lead portfolio manager in the turner growth fund and michael geo president of permanent portfolio funds. good to see both of you guys today. thanks for being with us. >> thanks, carl. >> bill quite a run so far this year. why take risks at levels of which people say are a little overbought at least in the near term. >> it has been a good start to the year. the two things i want to focus on are macro events and gdp. 2011 macro events dominated the headlines, etf and index focus so really hard for active managers to do well in a high stock correlation. 2012 macro events more under control, leads to a less etf-driven environment, better chance for active management to do things and on the go, dp side, less than 2%, tougher market historically for equities. this year better employment, better construction, better manufacturing, i th