Randy Fay

VIX Isn't the Best Gauge of Marketplace Volatility

Good thinking. There are quite a few vix watchers out there (me being one of them) and your article makes sense.

News Flash: Major Market Turns Aren't Announced In Advance

In agreement with Tom here. By the time the "all clear" is announced you will have missed a 30% move. Banks right now are like insurance companies during a disaster. Historically, it's been a good bet to go long insurance companies during a disaster because the increase in future premiums collected will more than make up for the disaster cost. Borrowers, from now on, will be paying through the nose compared to lending rates of 2 years ago. And do you think banks are making any risky loans right now?