market crash

Gross: The crash on Oct 19 1987 showed that portfolio insurance puts were dangerous. R central bank “puts” in the same category?Very likely

— PIMCO (@PIMCO) October 19, 2012

Needless to say, he is absolutely correct.

 S&P 500 likes to travel around 808 points from swing low to swing high. Extending the analog suggests a dro

The benchmark gauge for U.S. options prices rose for a seventh day, the longest streak since August 2003, as concern about employment growth and earnings spurred investors to guard against losses in stocks.

The VIX, as the Chicago Board Options Exchange Volatility Index is known, rose 8.6 percent to 18.14 at 2:19 p.m. in New York, its highest level in a month. The VIX measures the cost of options on the Standard & Poor’s 500 Index, which has fallen four straight days, retreating 0.9 percent today to 1,385.47.

Interview with Egon von Grayerz of Matterhorn Asset Management:

Mr. Embry, the perhaps best report I have ever read on the gold market was “Not Free, Not Fair: The Long-Term Manipulation of the Gold Price,” written by Andrew Hepburn and you. (1) I would like to talk with you at the beginning about the findings of that report. First of all, why do you think it is relevant whether the gold price is free or not?

Baltic Dry Index shows that freight prices per ton of dry materials such as iron ore are falling, hence it is a great indicator for volume of international trade and a state of economy. On the assumption that demand exceeds supply, the price of sea freight will rise. If supply exceeds demand, the price of sea freight will fall.