St. Louis Post-Dispatch’s David Nicklaus features research from Olin assistant professor of finance Asaf Manela in his column Feb. 23, 2014. The research analyzes headlines and stories printed in The Wall Street Journal over a century to develop the news implied volatility index that indicates how worried people are about the future.
Nicklaus writes, “The [Wall Street] Journal’s front page may be black and white and read all over, as the classic riddle says, but no one has read it this thoroughly before.”
