How Do You Spell Relief?

The market spells relief with old-economy stocks and perhaps an end to the
embarrassment of our presidential electoral process. Solid earnings from
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and
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ground for the first time in a week.

Volatilities are falling, but not tumbling, as players wait for the 5:00 PM
deadline in Florida. The VIX has collapsed down to a reading of 30.18, -1.71 as
of 11:45 am CST. Likewise, our reading for the volatility on the Nasdaq index
has sunk to 62% from yesterday’s reading of 74%.