Market Structure Insights
April 4, 2012
It was 85 degrees Sunday in Denver when Karen and I rode up local landmark Lookout Mountain on bikes to pay respects at Buffalo Bill’s grave. We woke to snow Tuesday. Speaking of hot and cold, we told clients to expect a good start Monday...
March 28, 2012
Suppose the chairperson of the national central bank strode from the organization’s Gothic façade on Maiden Lane and said, “Job growth is likely temporary, and folks are going to have to borrow money and buy stuff just to keep the economy running like a used...
March 21, 2012
We’re in glorious Cincinnati where the land is rushing headlong into spring. Even a photo snapped in haste northward at night from Covington at the John Roebling Bridge seems cast in ethereal light. Speaking of rushing headlong, if you’re here in the heartland, join us...
March 14, 2012
We are writing an algorithm that will identify when the performance of your shares is “sexy.” Just kidding. Mostly. It’s no joke, however, that trading behaviors can be measured. We said in Market Structure reports for clients this morning: “Broadly, lock-step group behavior means markets...
March 7, 2012
We write this week from sun-splashed Steamboat Springs, where visitors to the slopes are relishing more than seven feet of new snow in the past month. A word on markets: You’ll hear knee-jerk blame for yesterday’s 200-point Dow Jones double-black-diamond plunge placed on “returning economic...
February 28, 2012
Mark Twain said, “Get your facts first and then you can distort them as much as you please.” The 1959 annual review of Mark Twain’s accounts by his successors in Redding, CT, found that his IBM shares, perhaps once units of the International Time-Recording Co....