The market has completely forgotten about the cliff (i.e., sequester and other, if any, spending cuts), about the debt ceiling, about the drag on the economy from the payroll tax increase, about central bank currency warfare, and is now fully engrossed by the hedge fund war between Ackman (and possibly Chanos, certainly Tilson) vs Loeb (and possibly Icahn) over the valuation of Herbalife: $0 or $60. Which is why today's HLF "analyst day" investor presentation - whose sole purpose is to refute Ackman's 300+ page monster accusing HLF of being a pyramid scheme - may be the most discussed event by carbon-based traders.
Readers can follow along the live webcast here [3](registration required [3]).
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