Blog
Tradestream pair trade: long Broadway, short concerts
While 2010 was a really down year for the music industry in terms of tickets/revenues for live shows, Broadway seems to be enjoying a bull market of sorts. Fewer concert tickets were sold for less money — about 15% down. Year End Top Worldwide Concert Tours From Pollstar The Top 50 Tours Worldwide grossed a … Continue Reading
What the fat IPO pipeline means for investors
The size of the opportunity We’re gearing up for some really interesting activity in the IPO market in 2010. To put things in perspective, in 2010, IPOs returned 72% more money than the companies that exited in 2009 (although at $40B, that’s still about 40% less than peak levels in 2007). According to Sarah Lacy’s … Continue Reading
Could the rise of the minivan signal good things for autos?
OK, OK, I think the marketing of new minivans has gotten away from itself. Breaking the stigma of the vehicle of choice for soccer moms, new adverts use heavy metal and romance to lure new buyers But, according to the NY Times, this edgy messaging to rebrand the minivan as something really cool is working. Analysts … Continue Reading
Trade against the 90% of investors who lose money
As we know, most retail traders/investors underperform market indices as their trading volume goes up. I discuss in Tradestream the book about overconfidence and loss aversion as two contributors to this effect. Pivotfarm looks at how retail investors are positioned on currency pairs and then goes the other way. No major changes seen exiting the … Continue Reading
Stock markets continue to lose share to private exchanges
Institutional investors with large blocks of shares to sell don’t just open up an account at E*Trade and dump them into the market. Doing so tips their hands and astute short sellers can hop a ride on stocks being disposed, making money along the way and reducing profits for the institutional seller. Conversely, if an … Continue Reading
