"Investorsare stillhedging against an increasein inflation, butfewer are as focused ondeflation," saysDeanCurnutt, chiefexecutive of MacroRisk Advisors.
DeanCurnutt at Macro Risk Advisors figures that in early March the Credit Suisse fund had to trade the equivalent of 3, 300 VIX futures contracts daily, or about 4% of the entire day's volume.