There are a few ways that one can look at the headline today in the NY Times.
First, you could say this is great for the futures industry. There was simply a misunderstanding of where money went and there was no harm no foul. Billions in equity value at ICE ($ICE) and CME ($CME) should immediately return to their stock prices since the industry is in great shape. Volume and confidence ought to
- Painful Udall interview: “We can play this over, right? Let me re-tape this.” Guy Benson 37 mins ago
- Obama doesn’t want to serve on the Supreme Court, not that anyone asked Noah Rothman 1 hour ago
- The dangers of turning Election Day into Election Month Jazz Shaw 1 hour ago
- The Pentagon is sugarcoating the situation in Iraq Noah Rothman 2 hours ago
- Attendees head for the exits as Obama speaks at campaign rally for Maryland Democrat Allahpundit 3 hours ago
- New York bans gun ownership for 34,500 citizens without due process Jazz Shaw 3 hours ago