Global Statistical Arbitrage is not nearly so good a name for a rock band as the one my lovely Karen quipped after cleaning the glass on a patio door where the cat presses her nose: Snot Mark.

Snot Mark is also a tempting description for what’s happening behind share prices and volume, at least at times. But Global Statistical Arbitrage is more accurate, and widespread. Continue reading →

The late standup comedian Mitch Hedberg said: “A severed foot is the ultimate stocking stuffer.”

I’m not sure that’s funny. But it segues to the stock market. So let me tell you a story about a severed foot in a sock.

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