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	<title>Comments on: End of crisis metrics</title>
	<link>http://ftalphaville.ft.com/blog/2008/05/16/13111/end-of-crisis-metrics/</link>
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	<pubDate>Mon, 08 Sep 2008 09:34:59 +0000</pubDate>
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	<item>
		<title>by: cs</title>
		<link>http://ftalphaville.ft.com/blog/2008/05/16/13111/end-of-crisis-metrics/#comment-20885</link>
		<pubDate>Fri, 16 May 2008 17:52:36 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/05/16/13111/end-of-crisis-metrics/#comment-20885</guid>
					<description><![CDATA[Re: options on VIX.  Check out how expensive the calls are relative to the puts.]]></description>
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		<title>by: burnt quant</title>
		<link>http://ftalphaville.ft.com/blog/2008/05/16/13111/end-of-crisis-metrics/#comment-20867</link>
		<pubDate>Fri, 16 May 2008 11:50:36 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/05/16/13111/end-of-crisis-metrics/#comment-20867</guid>
					<description><![CDATA[IMHO, at these vol levels it's got to be worth loading up on some options. 

Regards this "occasional fallibility of using volatility as a proxy for risk". That kind of depends on which volatility you are using and what you mean by risk. Felix's point (from Taleb) is about estimating the std deviation of returns from a sample that doesn't include all the information because there is significant density in the tails (and those events are rare). The error there being in how you estimate the vol rather than in vol as a proxy for risk, surely?

The Vix is a measure of implied volatility or the markets estimation of what the future vol will be (rather than the historic vol of the previous paragraph). Whilst it might be completely wrong it does tell you what market participants think of the coming risks for the equity market.]]></description>
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		<title>by: Sam Jones</title>
		<link>http://ftalphaville.ft.com/blog/2008/05/16/13111/end-of-crisis-metrics/#comment-20866</link>
		<pubDate>Fri, 16 May 2008 11:08:19 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/05/16/13111/end-of-crisis-metrics/#comment-20866</guid>
					<description><![CDATA[Graham - i am aware that it is technically NICE, but I think the attractiveness of that acronym is based on its double meaning. 

bsb - abcp indeed still falling, but then, I don't think anyone's expecting a return of SIVs anytime soon. Still a problem for corporates etc. but again, probably no longer  such a pressing issue directly with ib's.]]></description>
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		<title>by: bsb</title>
		<link>http://ftalphaville.ft.com/blog/2008/05/16/13111/end-of-crisis-metrics/#comment-20785</link>
		<pubDate>Fri, 16 May 2008 09:58:37 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/05/16/13111/end-of-crisis-metrics/#comment-20785</guid>
					<description><![CDATA[is the trouble really beginning to end?  total outstanding ABCP still falling isn't it?]]></description>
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		<title>by: G Cox</title>
		<link>http://ftalphaville.ft.com/blog/2008/05/16/13111/end-of-crisis-metrics/#comment-20784</link>
		<pubDate>Fri, 16 May 2008 09:54:06 +0000</pubDate>
		<guid>http://ftalphaville.ft.com/blog/2008/05/16/13111/end-of-crisis-metrics/#comment-20784</guid>
					<description><![CDATA[it is the 'NICE' decade Sam and  not 'nice' decade (better still give the four words rather than 'NICE' ).  Central  bankers do not use  words  like 'nice' or even Goldilocks .]]></description>
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