We’re in New York this week while companies gather in Dallas for the annual NAREIT conference, the association for real estate investment trusts. Real estate is about 3% of the S&P 500. By comparison, Technology is 23%, the largest by…
View pageA picture is worth a thousand words. See the picture here, sparing you a thousand words (for a larger view click here). It explains our rising stock market. Look at the line graphs. Three move up and down, reflecting normal…
View pageWe’ve said many prayers for friends, family and colleagues in Texas and Louisiana and will continue in the wake of Harvey. There’s a lesson from it about stocks today too. Is paying attention to the weather forecast important? The weather…
View pageVolatility plunged yesterday after spiking last week to a 2017 zenith thus far. But what does it mean? “Everybody was buying vol into expirations, Tim,” you say. “Now they’re not.” Buying vol? “Volatility. You know.” It’s been a long time…
View pageWhat’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…
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