Market Structure Insights
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....
February 22, 2012
When you were a kid, did you lie on your back on the lawn and look for shapes in the clouds? Nanex finds Charlie Brown and unicorns in trading data. Or maybe goblins and Jack the Ripper. IR professionals should know about Nanex. In Boston...
February 15, 2012
At Winter Park Sunday scooting off the Panoramic high-speed chair at 12,060 feet and cooking downslope on skis, the trip was anything but algorithmic. No, skimming from summit to the lift slow zone was uniquely and individually exhilarating. But in equity markets, unique exhilaration more...
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...