Market Structure Insights
June 22, 2010
“The CFO wants to know why our stock is down when it should be up.” That’s the essence of conversations I had yesterday with two investor-relations officers. It’s tempting to suggest asking Al Gore about why things that should be up are instead down. But...
June 15, 2010
We were on the bikes at dawn in Denver where on the oval at Washington Park it was 45 degrees as the sun rose. That’ll wake you up! Speaking of waking up, did you read Sebastian Mallaby’s article in the weekend Wall Street Journal called...
June 10, 2010
Sorry to keep you waiting two extra days this week! We were in San Diego, where June Gloom outside contrasted with the festive mood filling the Manchester Grand Hyatt for NIRI National 2010, the annual gathering of IR professionals. Attendance jumped from last year. A...
June 1, 2010
REMINDERS: We’ll be bivouacked for NIRI National in booth 321 on the exhibit floor at the Manchester Grand Hyatt in San Diego next week. Stop by! Also, clients, come see us for Happy Hour on Sunday at Busters Beach House. We’ll kick things off. Speaking...
May 25, 2010
Does it feel like the beatings will continue until morale improves? What’s happened today is straightforward: Investors and counterparties – think of it like vacationers and providers of trip insurance – sorted out imbalances. The debits and credits were entered on ledgers last week with...
May 18, 2010
Global Statistical Arbitrage is not nearly so good a name for a rock band as the one my lovely Karen quipped after cleaning the glass on a patio door where the cat presses her nose: Snot Mark. Snot Mark is also a tempting description for...