Is VXX / Market Volatility The Best Trade Today?

Stocks appear fully valued, and there are plenty of downside catalysts.
However, shorting stocks has not been paying off.
Market volatility is at record lows, and complacency rules.

Could this be the time to be going long volatility?
Doug Kass thinks so, and so do some savvy traders.
In this article, Doug Kass examines some volatility trading strategies, which might be profitable for investors.