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Papa John's to Restate; VIX Surge Bad for Bulls

Tuesday, 26 Feb 2013 | 5:37 PM ET

Papa John's announces it should restate financials from 2009 to 2011. The VIX has surged more than 47 percent in the last week, just as the market re-approaches its all-time highs. Paul Hickey, Bespoke Investment Group, explains why this is a bad sign.