No more Gayish Erratic Volatility?! Why? Ohh yeah, and. what's going on with it's crazy rally today, more than 3% at one point???!
I assume you're kidding? While I am now short today at the 750 level, I've seen the ER2 move $100 while the b/a on the spu's never changes. lol
The Russell has been a much stronger index than the S&P for quite a few months. The Russell is almost back to its June high while the S&P is about 8% away. A long Russell / short s&p spread has worked out very well for the past few months. The financials have been a big drag on the S&P. Unless the financials pick back up, you will continue to see the S&P underperform the Rus and Naz.