optionMONSTER submits:
By Chris McKhann
Yet again someone is claiming that the VIX is broken--or, in this case, that that VIX futures are broken.
Izabella Kaminska from the Financial Times posted an article about the problem of contango in the VIX futures and how, in her opinion, the futures curve "has proved particularly bad at forecasting volatility this way." As longtime readers know all too well, I have said
Complete Story »