Besides the usual high volume stocks such as Bank of America (BAC) and Nokia (NOK) is the Path S&P 500 VIX ST Futures ETN (VXX) making the list.

Russia is not up for paying the bill to bailout Cyprus.  All more the reason to consider staying in cold hard cash and small positions in the iPath S&P 500 VIX ST Futures ETN (VXX) and ProShares Short S&P500 (SH).  President Vladimir Putin went on record and he believes the terms are "dangerous" and "unfair".

The news of Cyprus closing it's banks until Thursday has got us thinking the iPath S&P 500 VIX ST Futures ETN (VXX) and ProShares Short S&P500 (SH) are the weapons of choice.  Trading could get very rocky and it's reminiscent of the Bear Sterns and Lehman Brothers disaster.  There's no panic yet but that's because we all don't think Cyprus has much clout to move the world markets.

The iPath S&P 500 VIX ST Futures ETN (VXX) hit a new 12 month low today, touching $20.80 a share.  That's almost 20 cents below its previous 52-week low of $20.97 a share. 

Mastery pinpointed The Return of Volatility and there is cause to believe it could spark up again very soon.  The true deadline is not March 1st for the U.S. to get their shit together, it's March 27th.

What's a Covered Call?

As we predicted the bet on the iPath S&P 500 VIX Short Term Futures TM ETN (VXX) has been fruitful.  The VXX has bounced back 12% since we said buy.

Weapons of choice for today's trading are the iPath S&P 500 VIX Short Term Futures TM ETN(VXX) and iPath S&P 500 VIX Mid-Term Futures ETN (VXZ)

The last full week trading in 2012 was vexed by 'Fiscal Cliff' sorrows.  Its taking away everything from our equities.  Perhaps there is a light at the end of the tunnel with large cap stocks, four in particular.   Mastery turns to  Anheuser Busch (BUD), Walt Disney Co. (DIS), The Coca-Cola Co. (KO) and McDonald's Corp. (MCD).

The winner these past few days has been the iPath S&P 500 VIX Short Term Futures (VXX), other than that its been a difficult week for equities.  Is the worst yet to come?