Optimism

• Natural gas is down 75% from last summer's highs, simply because supply exceeds demand. Underground storage containers hold 17% more gas than a year ago.
• TIPS returned 8.7% y/y.
• It's unclear that the ban on short selling financials did anything to lessen the impact of the crisis, according to a Columbia University report.
• EU regulators are considering limiting OTC derivatives contracts, in favor of only standardized derivatives.