Market Structure Insights
October 19, 2010
In Denver, summer’s retreat this year toward the Continental Divide has been languid, its ambling trail marked by fiery aspens and long warm days. But in the markets, pension funds have given stocks the cold shoulder, and fast. So says an article in the Wall...
October 13, 2010
Boy, when it rains, it pours. Three years ago when we began grousing about how Reg NMS was turning equity trading into a foot race, people thought we’d been hitting the Hookah. Now it’s on 60 Minutes. Along with Larry Leibowitz from the NYSE and...
October 5, 2010
The lawyers doing the writing at the SEC are good. The 104-page novella the Commission released last week with the Commodity Futures Trading Commission gallops readers spritely to an inconclusive denouement. No offense intended. For anybody versed in trading markets, the report is logical and...
September 28, 2010
Remember that movie, The Truman Show? In this epochal fake reality program, a guy played by Jim Carrey lives on camera, unaware that reality is beyond both his view and his control. This may be how stock-pickers feel in today’s equity markets. At least it’s...
September 21, 2010
The Boii are back in town! I refer not to the 1976 rock hit by the Irishmen of Thin Lizzy, but to the central European tribe that gave Bohemia its name. We just finished getting tribal in the Czech Republic and Austria, eating and drinking...
September 7, 2010
Give yourself a break! Okay, we’ll give you one. We’re cycling from Prague to Vienna, a wedding anniversary trip, and won’t be within writing distance next week. The Map will thus be on hiatus, back Sept 21. We’ve had questions about the “quote stuffing,” article...