Market Structure Insights
January 22, 2014
Did you know that auctioneers make bad grocery-store clerks? So argues a GEICO TV commercial – unwittingly teaching a last lesson on high-frequency trading. I’m sure you’re ready to move on! Ever see the movie The Red Violin? It traces a storied musical instrument through...
January 15, 2014
A good exit strategy. It’s always wise to have one. With the polar vortex bearing down on the national midsection last week, our exit strategy, fortuitously, was sponsoring NIRI’s fundamentals of IR program in Santa Monica. Karen snapped this dusk photo in shirtsleeves from our...
January 8, 2014
Happy New Year! Hope you spent the two-week break from these pages joyfully. We’ve descended this week from the high Denver backbone of the continent to visit west in Santa Monica and sponsor NIRI’s Fundamentals of IR program. Following our New York trip before Christmas,...
December 18, 2013
Is the Federal Reserve fueling stock-market gains? When St. Louis Fed president James Bullard addressed the Bowling Green, KY, Chamber of Commerce in February 2011, he pinpointed correlation between Ben Bernanke’s September 2010 Jackson Hole speech on “QE2,” the Fed’s second easy-money program, and the...
December 11, 2013
Do retail investors matter? Depends what you mean. They’re important and valuable as investors. I once headed investor relations for a company with thousands of retail holders. I was president of an IR services firm that focused on retail-targeting strategies. But when people ask me...
December 4, 2013
I’m reminded of a joke (groans). A man is sent to prison. As he settles into his captive routine he’s struck by a midafternoon affair among his jailed fellows. One would shout out, “Number 4!” The others would laugh. His cellmate, seeing the newbie’s consternation,...