Make Hay while the Sun (read mkts) Sets!

Via TradersMag: “And anybody who has been using pairs with options is making a fortune right now with the volatility, said Eric Goldberg, chief executive of the EMS maker Portware. “The last [12] months have just been a dream for these guys.” Pairs and arb traders have accounted for some of the strongest growth in Portware’s client base of late, Goldberg said. Originally, Portware’s EMS was built as an index-arb system, he added.

Root of the Problem

Michael Lewis : Since the beginning of the crisis I’ve wondered why the government has found neither the will nor the way to attack the root of the problem – the people who borrowed money to buy homes they shouldn’t have bought. Link : Bloomberg