Search Results for: palo alto

Can We Stop the EKG?

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Good morning, Slopers, and greetings from pitch-black Palo Alto, California.

I am hoping we can put an end to the completely-annoying EKG-style market we’re in, in which we actually have a sensible open (market down) only to be followed by a pointless and near-instant bidding-up of prices, terminated by five hours of the market doing absolutely nothing. It seems to have started already. As I was blearily looking at my iPad in bed, the ES was down 8. I ambled downstairs, and it’s down only 6.25 now. Well, down is down, and some day this war is gonna end. (more…)

Detroit Rock City

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I wish there was a better way to bet against the finances of America’s cities, but MUB is about the closest thing I can find. It’s looking pretty weak, and I could easily see this thing getting down to 97 or so in the next few months. My own little town of Palo Alto is neck-deep in cash right now, thanks to the largesse of neighboring Stanford University. Our policeman and firefighters all make way into the six-figures each year, which, ummm, I think is kind of excessive. In any event….. (more…)