Market Structure Insights
February 16, 2010
The derivative we need is a weather swap. The Winter Olympics would pay a premium for that spare snow lying around unused on the east coast. Speaking of derivatives, the dollar retreated today, and US equities rebounded. We all want it to be about investing....
February 9, 2010
What a blast we had in the high country skiing last week! But now, East Coast, we here in Denver would like our snow back, please. Everybody’s got an opinion on why the market is yinning and yanging. We, I believe uniquely in IR, look...
February 2, 2010
We’re late this week for a good reason: skiing. We hit the Vail slopes today (and as the comedian said, “We’re here all week!”) See a couple shots off my Blackberry here and here. No new snow in awhile, but the crowds were small, the...
January 26, 2010
January 19, 2010
Hope you enjoyed MLK Weekend! We were on bikes for the first time in Twenty Ten as temperatures tickled the high 50s Saturday and Sunday on Colorado’s Front Range. TRAVEL UPDATE: I’m in Kansas City today joining Joe Ratterman, CEO of BATS, and Jeff Albright,...
January 12, 2010
Thought for the day: “Chaotic action is preferable to orderly inaction.” – Will Rogers Speaking of chaotic action, let’s review trading basics. We tend to think trading is buying and selling stock. To quote John Kerry, would that it were! Most trading today isn’t done...