The Market Structure Map
May 2, 2012
The One Percent is a catchy phrase. But statistics highlight the 11.1%. It’s earnings season. Fifty-seven percent of our clients have reported, our data show. In the past five days across the Nasdaq segment, rational investment activity – which means what you think it means...
April 25, 2012
There are old guys around a table watching video. No. They’re not IR professionals. But stay with me for two minutes. One says, “He’s got a good swing.” “He’s got the build of a hitter,” adds another. “Been playing ball his whole life,” a third...
April 18, 2012
If somebody tells you he has a plan to improve your financial condition by borrowing your credit card and buying himself a bunch of stuff with it, be suspicious. With that setup, we have a story to tell you. In a minute. First, we said...
April 10, 2012
There’s an old stock market joke. Every time one person sells, another buys, and they both think they’re smart. Value is relative. And yet. Anybody in the IR chair pencils valuations for his or her shares. Isn’t this the battle – measuring value? Karen and...
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...