Market Structure Insights
August 5, 2015
We thought we were going to need a boat. Driving into Kansas City, a torrent fell in such proportion that the sky, the landscape, the topography of the roadway, disappeared into a pelting gloom that had our wipers humming on high amid the beating din...
July 29, 2015
Money is better than poverty, if only for financial reasons. So wrote Woody Allen for himself as Broadway Danny Rose in the eponymous 1984 film. I’m not sure what Allen meant then as I was a high-school sophomore wearing a mini-mullet. But there’s an application...
July 22, 2015
I recall knowing one particularly volatile fellow. I should have called him VIX. Speaking of the VIX, options on that popularly titled Fear Gauge expire today as a raft of S&P components report results. Many will see sharp moves in share-prices and attempt to put...
July 15, 2015
You need to defend yourselves as public companies. This clarion lesson comes from last week’s trading halt at the NYSE though we think the exchange handled the outage correctly. Humans want pictures of perfection like Saturday’s Balloon Rodeo in Steamboat Springs. But don’t expect serendipity...
July 8, 2015
Picture a mountain river still crisp with snowmelt babbling happily. Now imagine a town on its banks. Suppose thousands of people jammed the waters congenially in every kind of flotation device, laughing and floating downstream. That’s Steamboat Springs CO on July 4. But babbling should...
July 1, 2015
The problem with kicking the can down the road is what happens when you reach a hill. Speaking of hills, Taos wasn’t what we’d expected. Galleries cluster the square, yes. We loved our circuitous bike ride along the foothills to Arroyo Seco. El Meze boasts...