The market little changed in a quiet session, as investors closely watched developments in Libya and oil prices. IBM jumped 2% on upgrade. Investors are slowly starting to reposition portfolios for the possibility that these prices may stay around in the short term. The implied volatility inches higher as investors hedge their portfolios.
Thursday, March 10, 2011
Little changed
The market little changed in a quiet session, as investors closely watched developments in Libya and oil prices. IBM jumped 2% on upgrade. Investors are slowly starting to reposition portfolios for the possibility that these prices may stay around in the short term. The implied volatility inches higher as investors hedge their portfolios.
