What’s the closing auction worth? A member of the investor-relations profession last week posted a story for community discussion on a CBOE BATS proposal to open day-end auctions to exchanges that don’t have listings. Right now rules say only the…
View pageA guy from Cumbria in the UK has built a Twitter Tape Machine. Programmer Adam Vaughan was long intrigued by ticker tape, the stock market technology standard from 1869, when Thomas Edison patented a version better than inventor Edward Calahan’s,…
View pageHow do you set realistic expectations about your shares for management? I’ll give you examples. One of our clients had a cyberattack and disclosed the impact, a material one degrading expected quarterly results. What to expect? Shares are up on…
View pageHere’s a riddle for you: What’s long and short at the same time? Your shares, public companies (investors, the shares of stocks you own too). You saw that coming, right. The problem is you don’t know who’s long or short.…
View pageThe days are getting shorter. We’ve passed the longest one of 2017, Summer Solstice. Imperceptibly now the sun will move off its zenith. Karen and I marked it here in Minneapolis before the NYSE’s Rich Barry and I talk market…
View pageEDITORIAL NOTE: Whew! It’s 11pm here in Orlando (this view just off the patio at Highball & Harvest, The Ritz, Grand Lakes), and NIRI National, the annual confab for investor-relations professionals, has wrapped. The bars at the JW Marriott and…
View pageWe’re back from the Belizean reef, living like pirates among the stars. Refreshing! When your home is this, and your view is that, and sweet critters are resident below, even I can forget about market structure. But not for long!…
View pageI’ve seen at least four Wall Street Journal stories in May alone about a quiescent VIX. The CBOE’s volatility index derived from options pricing on the S&P 500 hit a low Monday last seen in Dec 1993, the WSJ said…
View page“Earnings beat expectations but revenues missed.” Variations on this theme pervade the business airwaves here during earnings, currently at fever pitch. Stocks bounce around in response. Soaring heights, crushing depths, and instances where stocks moved opposite of what the company…
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