Market Structure Insights

May 11, 2010

The late standup comedian Mitch Hedberg said: “A severed foot is the ultimate stocking stuffer.” I’m not sure that’s funny. But it segues to the stock market. So let me tell you a story about a severed foot in a sock.

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May 4, 2010

In Denver we get sun, rain, snow, sleet, hail. And then comes the next day. Today, a clear, bright and breezy 75 degrees Fahrenheit, photographers out snapping chamber of commerce pictures, the power goes out. It’s put us behind schedule. Speaking of power outages, starting...

April 27, 2010

Loveland Ski Resort an hour up I-70 from downtown Denver logged 26 inches of snow in the past five days. We’ve had to cover patio plants the past two nights as temperatures dipped to 30. It’s bright and clear. But winter has had a hard...

April 20, 2010

We hope none of you are marooned in Europe by volcanic ash. If you are, we’ll try to keep your minds off the extra money you’re spending with the shocking suggestion that markets writhed last week not for Goldman Sachs but for expirations. The SEC...

April 14, 2010

Spring finally tossed its verdant cape over the Denver Front Range. We saw it firsthand on our bikes from Sedalia to Palmer Lake last weekend, our first 40-plus miler of the year. It’s been too cold! We know you Californians among us are already past...

April 7, 2010

Sorry we’re late this week! We’re in Las Vegas and the Market Structure Map wanted to stay in Vegas, apparently. Program trading jumped about 10% in the first few trading days of April, compared to March. We define program trades as mathematical execution in more...

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