When investors are fearful, they look to hedge their portfolios by buying “insurance” that will protect them if the market falls. Right now, fear is super high, says Christopher Cole at Artemis. This past September, he says it cost more than ever to hedge against a collapse — even more than in 2008, when everyone was scared the whole system was going to blow. “Ironically,” Cole writes, “markets are at their very best when everyone [...] Capitalist Dystopia appeared in the Daily Reckoning . Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter .