Market Structure EDGE Blog

Market Structure EDGE Blog

The Little Short

The Little Short

In Michael Lewis’s The Big Short, a collection of eccentrics finds a flaw in real estate securities and shorts them. The movie is great, the book even better. Somebody will write a book about the 2020 stock market (anyone?) flaw. The flaw? Depends who you ask. Writing...

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Indexed

Indexed

Is it good to be part of the collective? From Karl Marx to Friedrich Hayek, polemics ring like swords and plowshares on anvils. But that’s not what we mean. When Vanguard in 1975 created the 500 Fund, many called it “Bogle’s Folly,” suggesting founder Jack Bogle’s...

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Mini-Me

Mini-Me

Minis abound. You can trade fractions of shares. Heck, the average trade-size is barely 100 shares, and some 60% of trades are less than that. Minis, as it were. There are e-mini futures contracts on the S&P 500 index, and the newer micro e-mini futures product is...

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Dark Edges

Dark Edges

The stock market’s glowing core can’t hide the dark edges – rather like this photo I snapped of the Yampa River in downtown Steamboat Springs at twilight. Speaking of which, summer tinkled its departure bell up high. We saw the first yellowing aspen leaves last week,...

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Tim Quast on IEX Podcast

Tim Quast on IEX Podcast

  Listen on Apple Podcasts | Listen on Google Play Music In the sense that high-speed transmission lines connecting computerized boxes are the stock market, it’s boxes and lines. Also, stock exchange IEX, the investors exchange, hosts a podcast called Boxes and...

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Plains Crossings

Plains Crossings

The Comanches ruled the Llano Estacado once. We crossed it twice this week, driving in a day to Austin from Denver, and the next day back to Denver. South of Lubbock you plunge off the Llano into Abilene and Sweetwater, and it looks like this, above, a photo from...

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The Daytraders

The Daytraders

A year ago, Karen and I were flying to Fiji, 24 hours of travel from Denver to LA, to Auckland, to Nadi. We took a ferry out of Denarau Island into Nadi Bay and north toward the Mamanuca Islands, all the way past the castaway home for television’s Survivor Fiji to our...

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Gain the EDGE

Gain the EDGE

Did you know that 86% of trading volume now is something other than old-fashioned stock-picking? If you’re an investor, you’re competing with machines way more than minds.   We’re long removed from that pleasant 1792 mid-May day in downtown New York City under a...

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Market Structure Basics

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