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

5:37 PM ET Tue, 26 Feb 2013

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.