We’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…
View pageThe point isn’t that Blackrock picked robots over humans. The point comes later. If you missed the news, last week the Wall Street Journal’s Sarah Krouse reported that Blackrock will revamp its $275 billion business for selecting individual stocks, turning…
View pageEveryone complains about the weather but nobody does anything about it. Mark Twain often gets credit for the clever quip but Twain’s friend Charles Dudley Warner said it. We’re not here to talk weather though the east coast is wishing…
View pageWhen you’re in a store, how often do you ask for help finding a product? Now think about that, investor-relations professionals, and investors. You former are in the business of telling the story – helping people in the store find…
View page“Our stock dropped because Citi downgraded us today.” So said the investor-relations chief for a technology firm last week during options-expirations. For thirty years, this has been the intonation of IR. “We’re moving on the Goldman upgrade.” “UBS lifted its…
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