1st. Is that what the date was . The fear gauge hitting the lowest level in more than two decades. The volatility index closing yesterday at 9. 77, the lowest level since december of 1993. I cant imagine thats not a place where you would buy. Though normal stocks that hit new lows what do they do . Hit more new lows. Stocks that hit new highs, hit more new highs. It can only go 9 more lower. Yeah. This only happened five times ever. Having always thought in a contrarian way that complacency and when people get participants get bullish, you worry. Call ratios, you worry. Percentage of investment services. If its that complacent i admit, okay, its not going to be le pen, but the world at this point, theres nothing that were not thinking about that could happen that could throw us for a little bit . It scares me. The flip side is if premiums are so low, you can buy insurance and remain long or replace your stock with calls. There are different ways to use this to your advantage to remain
This is nightly Business Report with Tyler Mathisen and sue herera. Risk assessment. A rare event. The oracle speaks. The big mistake Warren Buffett said some investors like you may be making. Hot topic. Ab old drug gets a new price tag to treat a rare and debilitating condition. That and more tonight on nightly Business Report. Welcome. Gains were small today. Minuscule really. But they were good enough to lift the s p 500 and nasdaq composite to alltime closing highs. Investors seemingly concluded the market had dodged yet another risk. Namely, that france might elect a far right opponent of the European Union and the euro currency. The french for now voted for a moderate and the status quo. And that was enough to let investors globally focus not on european vote counts, but on the improving health of Europe Economy and stock market which has been climbing. We begin with two reports. Bob pisani takes a look at the markets. But first, Michelle Carusocabrera in paris. Reporter last nig
Terror attacks down by just 0. 25 . Breaking overnight, saudi arabia, the United Arab Emirates, egypt and bahrain severed ties with qatar. Now, theyre accusing the country of supporting terrorism. The gulf states said qatar support of the Muslim Brotherhood threatens National Security because the foreign minister has said the measures are uninjured based on claims that he says have no basis in fact. Takes a quick look at crude prices. Wti at 47. 84. We will get a live report from dubai in just a couple minutes. In london, as you know, on saturday, seven people were killed dozens were injured when three men drove a van into pedestrians on in this case, it was the London Bridge then attacked people with knifes in a busy neighborhood. Its the third terror attack in the uk this year, comes days after manchester and just ahead of thursdays parliamentary election. Lets get to wilfred frost in london good morning, will. Reporter good morning, joe. Seven people dead, as attackers crossed Londo
Them that a proposed deal between the conservatives and the democratic unionists, wouldnt affect the prospects of restoring power sharing at stormont. Us authorities seize assets worth over half 1 billion in a Money Laundering scandal surrounding malaysias Sovereign Wealth Fund. And wind, solar, or hydro. A look at kaza khsta n and wind, solar, or hydro. A look at kazakhstan and their plans for renewable energy. Good morning, asia. Hello, world. Welcome to todays edition of Asia Business report. Im sharanjit leyl. Its a friday. From a picasso painting to a jim carrey movie. Us authorities are seizing assets worth half 1 billion as part of a global Money Laundering case. The items were allegedly purchased using money diverted from malaysias Sovereign Wealth Fund 1mdb. We have all details. Us authorities are moving in on a number of items. They include a picasso building and an apartment in manhattan. Also the rights to several hollywood films, likejim ca rreys several hollywood films, l
Enforced, even within muslim countries. It fact it only plays a dominant role in the Legal Systems of very few islamic communities and countries. Elelsewhere, i its generaly referred to in private affairs like marriage, divorce, cases of inheritance. On top of that, theres seems to be no single interpretation of sharia law. It is interpreted and imimplemented in different way. And d those usualllly have moro do with local traditions than with any rules found in the koran. Flashlights illuminate the dark corners. Sharia police cars patrol the stheyre looking to catch youngg couples unawares. They warn go home, its late. These officers are making sure people abide by sharia law. Alcohol, Holding Hands and even flirting outside of marriage are all prohibited. Weve ordered them to sit further apart. Or to go home. If we have to tell them again to make more space between them, well take them to the police station. Anyone caught by Sharia Police is in for a gruelling punishment a public beat