Once again, the markets prove that nobody knows nuthin'. Following a bit of oil-driven turmoil the past few weeks, financial markets took off on Wednesday and Thursday. The Standard & Poor's 500 Index had the biggest daily back-to-back gains since March 2009. Underinvested fund managers, short-sellers and even long-only, fully invested money managers worried that they didn't have enough global equities. Once again, Mr. Market has confounded so many of the world's smartest investors. Capital markets are thought of as a mechanism for buying and selling long-term debt or equity-backed securities, but that definition ... (full story)