Daily Report : Investors are pessimistic, but buying speculative options; Industrial production gears up

In recent weeks, investors have been snapping up speculative call options to a historic degree. Oddly, though, some of them are also saying that they're highly pessimistic on stocks over the longer-term. Rarely have two sets of indicators diverged to this degree.; Many economic data series are showing rebounds from their spring depths. One of the more widely-watched ones, industrial production, has moved more than 5% off its low, which typically meant the end of past contractions.