RiO 2011

Forget the Thanksgiving Parade. The real tradition this time of the year is to attend the Research in Options conference in Rio. I already wrote about the origins and general features of this regular meeting, so it suffices to say that this year's event is a contender for the best one ever.

And I suspect that financial markets know that too, since the Bovespa index was up all through the conference. At least this is as good an explanation as any other for how markets are moving these days.

I'll post a few more pictures from the conference when they become available, but here is a small taste of the kind of trouble we were getting ourselves into: