Market Structure Insights
May 16, 2012
Karen and I will join the ghost of Billy the Kid and about 3,000 cyclists in New Mexico next weekend for the Santa Fe Century. Weather looks good, winds below gale force. Should be fun! Speaking of gales, JP Morgan blew one through markets. So...
May 9, 2012
Congratulations, IR profession! It’s happened. One of our ranks stepped up to the stock-exchange rule-filing plate, planted, and cracked that fastball out of the park. Thank you, Katie Keita, for commenting on the Nasdaq’s proposal for ETF sponsors to pay market-makers. I hope it’s a...
May 2, 2012
The One Percent is a catchy phrase. But statistics highlight the 11.1%. It’s earnings season. Fifty-seven percent of our clients have reported, our data show. In the past five days across the Nasdaq segment, rational investment activity – which means what you think it means...
April 25, 2012
There are old guys around a table watching video. No. They’re not IR professionals. But stay with me for two minutes. One says, “He’s got a good swing.” “He’s got the build of a hitter,” adds another. “Been playing ball his whole life,” a third...
April 18, 2012
If somebody tells you he has a plan to improve your financial condition by borrowing your credit card and buying himself a bunch of stuff with it, be suspicious. With that setup, we have a story to tell you. In a minute. First, we said...
April 10, 2012
There’s an old stock market joke. Every time one person sells, another buys, and they both think they’re smart. Value is relative. And yet. Anybody in the IR chair pencils valuations for his or her shares. Isn’t this the battle – measuring value? Karen and...