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Well, funny you should say that. Bloomberg.
S&P 500 options to protect against declines in stocks over the next year cost 22 percent more than one-month contracts, the highest since 1999, data compiled by London-based Barclays Plc and Bloomberg show. The gap shows concern that analyst estimates for record earnings by 2011 may prove exaggerated, endangering an advance that pushed the S&P 500 up 63 percent since March.
“It’s telling you that there’s severe anxiety about the future,” said Paul Britton, chief executive officer of New York-based Capstone Holdings Group LLC, which oversees about $1 billion. “People want to protect next year, and there’s a sense of urgency.”How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - Aesop -
Jan 11 or 12th to be precise. I can not reveal any more.
PZZComment
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Sorry about him. Mods!!Originally posted by pzz76077 View Post
Knock first as I might be balancing my chakras.Comment
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Is that you loitering outside?Originally posted by pzz76077 View Post
Knock first as I might be balancing my chakras.Comment
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I predict it will be April 1st.'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
Nick Pickles, director of Big Brother Watch.Comment
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We need a Sterling collapse in [month] [year] thread.Comment
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Last edited by Sysman; 8 December 2009, 00:17.Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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