Market Structure Insights
October 18, 2017
A picture is worth a thousand words. See the picture here, sparing you a thousand words (for a larger view click here). It explains our rising stock market. Look at the line graphs. Three move up and down, reflecting normal uncertainty and change. Just one...
October 11, 2017
You’re welcome. Had Karen and I not departed Sep 20 for Bavaria to ride bikes along the Alps, who knows what the market might have done? There’s high statistical correlation between our debouchment abroad and a further surge for US stocks. Stocks spent all of...
September 20, 2017
You need examples. I was wishing a longtime friend who turns 50 Sep 20 a happy what they call on Game of Thrones “Name Day,” and it called to mind those words. We were college freshmen 31 years ago – how time flies – and...
September 13, 2017
Tim, I’m listening,” said this conference attendee, “and I’m wondering if I made the wrong career choice.” He said, “Am I going to be a compliance officer?” We were in Boston, Karen and I, marking our wedding anniversary where the romance began: at a NIRI...
September 6, 2017
The stock market is full of acronyms. Last month, Chicago-based DRW bought Austin’s RGM. It’s a merger of fast giants – or ones who thought they might be giants (opaque musical reference) and once were, and might be again. You see a lot of acronyms...
August 30, 2017
We’ve said many prayers for friends, family and colleagues in Texas and Louisiana and will continue in the wake of Harvey. There’s a lesson from it about stocks today too. Is paying attention to the weather forecast important? The weather guessers were eerily accurate and...