Market Structure Insights

April 29, 2020

How much does free money cost? Everything, apparently. The play Hamilton by Lin Manuel Miranda has grossed over $620 million, seventh all-time on Broadway but still a long way from Phantom of the Opera, Wicked, and Lion King, theater’s billion-dollar trio. Hamilton is about Alexander,...

April 22, 2020

Apr 21, yesterday, is Texas A&M Aggie Muster. Aggies everywhere gather to say “here” for Aggies lost in the past year, a roll call. It’s more poignant this time for my Aggie, Karen, and the many friends and family hailing from College Station. Gig’em, Aggies....

April 15, 2020

I rest my case, and it only took 15 years. On Dec 29, 2009, we wrote in this very blog we’d then been clattering off the keyboard since 2006: “Now, why would you care about Iron Condors, IROs and execs? Because once again something besides...

April 8, 2020

I know this Friday will be good. I’ll let you think about that one. By the way, markets are closed then. For a decade we’ve written about the way the stock market has disconnected from reality. Nothing lays bare the truth like a Pandemic. More...

April 1, 2020

DoubleLine’s famed Jeff Gundlach says we’ll take out March lows in stocks because the market is dysfunctional. Karen and I have money at DoubleLine through managed accounts with advisors. Mr. Gundlach is a smart man. Maybe it’s splitting hairs if I say the stock market...

March 25, 2020

All 20 biggest points-losses for Dow Jones Industrials (DJIA) stocks in history have occurred under Regulation National Market System. And 18 occurred from 2018-2020. Fifteen of the 20 biggest points-gains are in the last two years too, with all save one, in Mar 2000, under...

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