While we were dozing amidst ever-declining volatility, turns out a little options buying has gone on under the surface. This from Bloomberg. Downside skew, which gauges the relative cost of buying insurance against a slide in stocks, is now higher than it was when the Standard & Poors ... Read more
Brian Wesbury is a smart guy. But suggesting that the first press conference by President-elect Obama on Friday was instantaneously causing a sell-off in the stock market - as Mr. Wesbury did in an interview on Bloomberg TV - really just begs the question: to what do we ascribe the fact that ... Read more