Archive - Aug 8, 2009 - Story

Zero Hedge presents its statistical findings regarding US Treasury Auctions and Permanent Open Market Operations

Much has been said by Tyler & Co. that someone is “selling vol” wholesale, while the market is meandering. But, if the market chops around sideways in a tight range—like it did in May and June—implied vol will decline as realized vols decline. No way to arb between the two, but typically that is how it works.

• Here we go: Geithner formally asks Congress to lift $12.1 trillion statutory debt limit, saying it could be breached as early as October, Amex Centurion happy to comply (Reuters)
• Totally unrelated - psychopaths have faulty brain connections, scientists say (Reuters)
• Must read: Deleveraging the U.S. Economy (Comstock Partners, h/t Vince)
• Health debate turns hostile at town hall meeting (NYT)
• Healthcare critics make childish claims, Obama says (Reuters)
• The history of the stock market (Mint)