The Market Structure Map
July 1, 2025
Karen’s laptop computer died last Thursday, June 26. We needed a replacement pronto. We bought it online from our usual source, a big maker that’s a ModernIR customer so we’ll maintain confidentiality. We paid for expedited delivery, which said it would arrive Saturday the 28th. ...
June 25, 2025
There’s an air of inevitability in the stock market. We have wars and rumors of wars and stocks rise, and then a ceasefire and stocks skyrocket. It’s nice in the sense that a relentlessly yeasty market creates wealth. Moviemaker Stanley Kubrick recrafted Peter George’s 1958...
May 28, 2025
Who is John Galt? The libertarians know. But who is John Law? I would’ve gotten along with him as he liked probabilities. At one point by his own estimation – reducing its veracity – he was the richest man who ever lived. A Scotsman and...
May 21, 2025
I’ll tell you what fascinates me about stocks. Before that, Barry Diller’s memoir is out. I’ve long thought him an interesting guy. It’s no doubt worth reading. He says he spends months on his 300-foot schooner, Eos. We saw his big boat (see photo) sailing...
April 30, 2025
Can stocks fall if nobody sells? For a sneak peek at my thesis, here’s my segment with Brian Sullivan and Kelly Evans on CNBC Power Lunch Monday Apr 28. You may be thinking: Is it a trick question? There’s a buyer for every seller. I...
April 9, 2025
As one of our team said, “The Quast Vacation Put strikes again.” Wearing puka shells and vacation pants, we split March 25 for the trade winds of St Vincent and the Grenadines to sail the following seas. And the stock market crumbled. You can see...