Now that the Pentagon takes UFOs seriously, it’s perhaps appropriate to consider some more mundane aspects of the phenomenon — namely, what it means for markets. UFO data will probably remain murky and unresolved, but if UFOs of alien origin become somewhat more likely (starting, to be clear, from a low base rate), which prices will change? [snip] If aliens really are among us, they do not seem determined to influence the course of worldly events. They have neither destroyed us nor saved us, with say a cure for cancer or world peace or a proof of Goldbach’s conjecture. Their...