The Market Structure Map
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...
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.
...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...