Archive for Month: July 2020
What Locust Swarms Tell Us About Robinhood, Kodak Moments And COVID Mania In The Stock Market
Not too long ago, before digital camera phones made photos all too commonplace, we used to savor “Kodak moments”, which TechCrunch calls “a rare, one-time moment that is captured by a picture, or should have been captured by a picture”. Well, pine no more, because the Kodak moment is back. And this […]
Elon Musk’s SEXY Models Vs. Warren Buffett’s Fruit Of The Loom Underwear
One of the headlines that flashed on TV last week was how Elon Musk had surpassed Warren Buffett in net worth. Now both of these men to me are heroes of capitalism, entrepreneurs, and game-changers. I consume their products, and thank them both for making them available. But their styles and their companies […]
TSLA: Can There Be Too Much Of A Beautiful Thing?
In February I wrote a piece in this forum called “TSLA” “Beauty Happens” (here). I gushed about what an amazing piece of engineering a Tesla is (the car, not the stock). I concluded with the comment that “If … aesthetic theory applies to financial markets, as we suspect it should, then […]
Bull In A China Shop: When The Fed Buys Microsoft Bonds It Is FOMO Time
My readers will hopefully forgive me for my newfound obsession with what the Federal Reserve is doing in the financial markets. There used to be a time when quants like myself would spend lots of time deciphering data and mispricing in security pricing. Like drinking in bars and going mask-less, it would […]
How The Fed Is Using Financial Engineering Alchemy And Leverage To Boost Stock Prices Without Buying Any
Amongst the many responses to my last post “When MMT Meets The S&P” , the best and most important one I received was this question: “What is the mechanism by which the Fed is indirectly supporting equity markets? Since they haven’t yet announced the direct purchase of equities, how is their […]
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