Today a new era begins. One day in May 1792, 24 brokers gathered beneath a buttonwood tree in lower New York City and agreed to confederate in conducting their stock-in-trade. Thus began the New York Stock Exchange. Today, the NYSE…
View pageWe were in Kansas again. We set a personal record, visiting the state twice last week. Even Wichita is nice this time of year, as this photo shows Saturday from our downtown Hyatt Regency room on the Arkansas River –…
View pageWe were in King Soopers and they were out of lemons. For those of you elsewhere in the country and world, King Soopers is a Kroger-run grocery chain and I’m sure you’re thinking as I did when I first saw…
View pageWe saw Gravity last weekend and like so many others I immediately thought of the equity market. Karen hates how movie trailers today tell the whole story (guess it saves one having to see films), so I’ll offer but a…
View page“When I talk about this stuff with clients, they’re only half-listening until this phrase appears.” Thus spake my learned friend Jim MacGregor, at Abernathy MacGregor in New York City, whose views I hold in high esteem. “What stuff? What phrase?”…
View pageYou can see what investors are doing. When indexes are rebalancing, NASCAR ensues. No, not a bunch of noise and southern accents. A race. On Sep 17 with kickoff of the Federal Reserve’s meeting last week, the top price-setting authority…
View page“My CEO doesn’t get market structure.” I’ve heard that more than a time or two! IROs wanting executives to grasp market complexity in order to see share-behavior in an accurate and contemporary fashion run into the buzz saw of The…
View page“All this is not a product of nature.” No I’m not referring to the display, as it were, by Miley Cyrus at the Video Music Awards. If the shortest distance between two points is a straight line, what do you…
View pageIn France we saw Auguste Rodin’s famous sculpture, The Thinker. You know the one? A chiseled fellow (literally and figuratively) pondering in the nude. It’s good to sit down and think (no need to disrobe however). Why are you here?…
View pageWhere have I been? Somehow, I missed the fun happening in SEC filings for large banks like Morgan Stanley, Goldman Sachs, JP Morgan, Credit Suisse and Deutsche Bank. If you already know what BARES are – Buffered Accelerated Return Equity…
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