The case for hedging against a market downturn
Wednesday, September 10, 2014, 12:05 AM
Today's markets exist in an Oz-like, fantasy world. For 5 years now, stock and bond prices have risen like Dorothy's balloon, without so much as a puff of downdraft to spoil the fun.
Everybody likes higher prices, so let's have them always go up! Forever!
Whether that can happen is a topic of current hot debate, though few think corrections have been permanently banished from the financial markets. » Read more