Briefly Speaking, from Victor Niederhoffer
With Stocks up 3.5% and Bonds down 3.% the ratio of Stocks to Bonds has increased by 6 .5 % today and a nice 20 percentage points since the terrible beginnings of the month. The wisdom of those who allocate based on the ratio is shown. And it's a quasi-Gannian moment with the anniversary of October 19, 1987 being [followed by a] tremendous extreme but the other way.