Bare Windows

Bare Windows

It’s window-dressing.  That saying suggests effort to make something appear better than it is.  And it’s a hallmark of stocks in today’s Relative Value era where the principal way we determine the worth of things is by comparing them to other things (true of...
Resistance and Support

Resistance and Support

http://modernir.com/wp-content/uploads/2021/09/MSM092221.mp3 Bucket-list seeing Colorado aspens in autumn. It will remind you that the planet is a living canvas and that everything is going to be okay. Colorado aspens at Muddy Pass summit. Karen Quast Now, what about...
Just Data

Just Data

If stocks rise when VIX options expire, is it good or bad? It’s data. That, we know.  If you’d never considered a relationship between stocks and options, welcome to market structure.  It’s something every public company, investor, trader, should grasp. At...
Growth vs Value

Growth vs Value

http://modernir.com/wp-content/uploads/2021/09/MSM090821.mp3 Are you Value or Growth?   Depends what we mean, I know. S&P Dow Jones says it distinguishes Value with “ratios of book value, earnings and sales to price.” It matters because Growth is terrorizing...
Gensler’s Gambit

Gensler’s Gambit

http://modernir.com/wp-content/uploads/2021/09/MSM090121.mp3 Suddenly it’s September.  Statistically, the worst month for stocks. Illustration 172906555 © Corneliakarl | Dreamstime.com It’s then no surprise that SEC Chair Gary Gensler would start hucking Molotovs...
Where’s It Going?

Where’s It Going?

Where’s what going? Time? Hm. Money?  Well. Yes. It abounds and yet it doesn’t go far.  Why that’s the case is another story (I can explain if you like but it usually clears a room at a cocktail party). First, if you were spammed last week with the MSM,...