Market Structure Insights
November 2, 2010
We can’t compete with beat-by-beat election updates, so we’ll keep it short and sweet. Speaking of sweet, we came back last night from six days in the desert trinity—Moab, Sedona, Santa Fe. Hard to beat this time of year! You heard the one about two...
October 26, 2010
If you want a belly laugh and a breath of fresh air, read John Cochrane’s oped on the treasury secretary in today’s Wall Street Journal. Speaking of news, a common headline in web news strings for clients is: “Preparing for (fillintheblank’s) Earnings Announcement with an...
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...