The Market Structure Map
April 13, 2016
If someone says he’s going to make water, it means one thing. If he says he’s providing liquidity, it means another. We should clear (and perhaps clean) that up. In the stock market, some firms call themselves “liquidity providers.” The term suggests they’re creating something...
April 6, 2016
Have you ever set an important goal? Whatever your objective, you must plan how to arrive at your final destination as though it were a journey and you were constructing a map or set of directions. And then you persevere, letting nothing deter your purpose....
March 30, 2016
There’s a mistake in last week’s Market Structure Map. We never made it to Boston! The forecasters missed it and snow walloped us with a ferocity that shut Denver International Airport by air and land and we were stranded for nine hours before daring “impassable”...
March 23, 2016
Karen and I are in Boston seeing friends at the NIRI chapter (we sponsor) and our trip today like last week coincides with snow in Denver. Next winter if the slopes turn bare, we’ll schedule a couple flights to bring in the blizzards. Last week...
March 16, 2016
Karen and I are in the Windy City visiting the NIRI chapter and escaping gales on the Front Range that were delaying flights to Denver and blowing in spring snow due Friday while we’re in Palo Alto for the Silicon Valley NIRI Spring Seminar (we...
March 9, 2016
Outcomes are culminations, not events. Denver bid farewell this week to retiring Broncos quarterback Peyton Manning who for eighteen years accumulated the byproducts of focus, discipline and work, twice culminating in Super Bowl victories. The idea that outcomes are culminations translates to the stock market....