Markets aren't pricing the coming volatility, but protection from it is eminently feasible.

No rate cut, no new policies. Beneath the headlines, the approach to bailouts is changing.

Obama loses the debate, but unemployment breaks his way. And the doomsday clock ticks.

The ESM is up and running. The ECB is ready with OMT. So where's the bailout?

The race is narrowing, but Obama will probably win. The march toward the cliff starts soon.

Worst-case cliff scenarios come off the table, but considerable uncertainties would remain.

With Bernanke reported to be on the way out, the Fed maintains a defensive crouch.

More of the same: not good enough for Obama, not bad enough for Romney.

Peripheral sovereign debt shifts from speculative opportunity to total return play.

Last data before the election. Our model's final call: Obama by 122 Electoral College votes.