The Market Structure Map
February 8, 2012
We missed part of the Super Bowl tromping snowshod through a chamber-of-commerce snapshot 3,000 feet above Denver. We’ve tallied 20 inches of grade-A, premium Rockies powder the past five days. Speaking of grade A, have you seen the movie Moneyball? If not, rent it. For...
February 1, 2012
While Florida voted, Morgan Stanley won the Facebook primary. A unit of Thomson Reuters broke word that the big bank will helm a team of other big banks for what in May could be the biggest IPO, raising perhaps $10 billion. We don’t care who...
January 25, 2012
Good to see you folks in Boston last week. But I needed Denver to thaw me out. It was seventy here last Saturday. I washed the car in T-shirt and flip flops. If at first you don’t succeed, try, try again. So it goes at...
January 17, 2012
Despite Denver’s rude throttling by the New England Patriots, I am still bound for Boston to panel at the Wednesday NIRI chapter meeting called “A Day in the Life of a Trade: How Can IROs Know What’s Really Happening?” Hope to see you there! One...
January 10, 2012
At county fairs when I was a kid you could buy a “Shoshoni Weather Gauge,” which hawkers said could forecast the weather like an American Indian. It was a rock tied with a leather strand to a wooden stand. The instructions said: “If rock is...
January 4, 2012
Happy New Year! If the holidays this year seemed sweeter, the air more welcome to the well-caroled note, it’s probably because I’ve been quiet for two straight weeks. And with good reason. The lovely KQ and I winged southward with fellow wayfarers for time over...