VIX

As the chook shed fire that was the us governments shut down unfolded the press was full of words such as calamity and disaster without actually understanding what those words meant within the context of the shutdown. Many (read most) commentators missed the fact that the US was not Greece, Ireland, Spain, Portugal or Italy…

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October Hysteria

As October once more looms large on the horizon we will be subjected to more idiocy about the siren like properties of this month and the pitfalls it holds for traders I thought I would offer up some facts. The first question that needs to be answered is October really that bad for investors and…

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Are Short Sellers Positive Feedback Traders? Evidence from the Global Financial Crisis

During the recent global financial crisis, regulators, politicians and high-profile media coverage blamed short sellers for amplifying stock market downturns. Regulatory authorities in a number of countries imposed short-sale constraints aimed at preventing excessive stock market declines. This paper examines bans on selected financial stocks in six countries during the 2008-2009 global financial crisis. These…

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VIX

I have been following some of the commentary regarding the VIX of late – much of the commentary seems to be of the ilk that there is something wrong with the index because perceptions of volatility (fear) have been dropping out of the market. From my perspective too much is read into a simple tool…

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