During my eighty-seven years, I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think.”
September 16, 2011
It's been a tough few months for the stock market but things could be worse. While the S&P 500 has declined roughly 12% from its peak in early May, the price action overseas makes the grass look a lot greener on this side of the pond. While we struggle domestically with high unemployment and uneven economic data, foreign markets ...
September 06, 2011
“Oh, my! MRK (Merck Drug) is trading like soybeans!” screamed the shocked trader. It was the spring of 1982 and stock futures and program trading had just been introduced to the equities market. Prior to then futures, which existed for hedging purposes, were only in commodity markets. Computer-driven Program Trading– the simultaneous...