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JasonAVossCFA

JasonAVossCFA
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  • The Decline In Stock Listings Is Worse Than You Think [View article]
    Thanks Guardian 3981 for adding your thoughts to the mix.
    Oct 1, 2013. 02:18 PM | Likes Like |Link to Comment
  • The Decline In Stock Listings Is Worse Than You Think [View article]
    Hello Sacre Bleu,

    I am not quite following your logic. Are you saying that there is not an incentive for companies to go public? If so, I would agree that there are few incentives for a company, but there are still valid reasons for equity holders to go public:

    * Exit from a primary market buy
    * Price discovery
    * Liquidity - either in buying, or in selling
    * Asset allocation - that is, liquid markets allow me to buy and sell shares in businesses so that I can achieve an overall portfolio strategy

    With smiles,

    Jason
    Oct 1, 2013. 02:18 PM | Likes Like |Link to Comment
  • The Decline In Stock Listings Is Worse Than You Think [View article]
    Hi Graham,

    Thank you for sharing your point of view and in such detail. I especially like your point about decimalization. That would, of course, lower trading revenues, and does indeed create an emphasis on trading in larger, more liquid issues.

    With smiles,

    Jason
    Oct 1, 2013. 02:14 PM | Likes Like |Link to Comment
  • The Decline In Stock Listings Is Worse Than You Think [View article]
    Hi Sugar Charlie,

    I agree this would be a very interesting piece of analysis.

    Jason
    Oct 1, 2013. 02:10 PM | Likes Like |Link to Comment
  • The Decline In Stock Listings Is Worse Than You Think [View article]
    Hi June1234,

    Yes, indeed. This could be an explanation for increases in valuations globally. All of the data is there for someone to look at the change/decline in the number of equity listings and compare that to increases in valuation - if any. The one detail that would be difficult would be to account for market cap increases from M&A activity. That is, more shares outstanding = more supply.

    With smiles,

    Jason
    Oct 1, 2013. 02:10 PM | Likes Like |Link to Comment
  • Is The S&P 500 Mean Reverting? A Rescaled Range Analysis Provides The Answer [View article]
    Hi authentic,

    Thanks for your comment and for reminding us all that investing involves art, too.

    With smiles,

    Jason
    Aug 21, 2013. 11:32 AM | Likes Like |Link to Comment
  • Is The S&P 500 Mean Reverting? A Rescaled Range Analysis Provides The Answer [View article]
    Hi Whidbey,

    Thanks for sharing your point of view and for the courage to be a naysayer.

    With smiles,

    Jason
    Aug 21, 2013. 11:32 AM | Likes Like |Link to Comment
  • Is The S&P 500 Mean Reverting? A Rescaled Range Analysis Provides The Answer [View article]
    Hi RHD,

    Thanks for your praise of the article. As for relevant resources I encourage you to track down books by Edgar Peters (Fractal Market Analysis) and Tonis Vaga (Profiting from Chaos). These books are out of print, but available inexpensively used on Amazon.

    Best wishes for success to you!

    Jason
    Aug 21, 2013. 11:31 AM | Likes Like |Link to Comment
  • Is The S&P 500 Mean Reverting? A Rescaled Range Analysis Provides The Answer [View article]
    Hi Tom,

    In answer to your question. Given that the analyst chooses the time frames over which to apply rescaled range analysis you can certainly examine any historical time frame you consider relevant. The only caution is, of course, that past performance does not promise future results.

    Best wishes for success!

    Jason
    Aug 21, 2013. 11:30 AM | Likes Like |Link to Comment
  • Is The S&P 500 Mean Reverting? A Rescaled Range Analysis Provides The Answer [View article]
    Hi rusfuture,

    Thank you for adding all of this color to the post - much appreciated!

    With smiles,

    Jason
    Aug 21, 2013. 11:25 AM | Likes Like |Link to Comment
  • A Bond Convexity Primer [View article]
    Hi KJ,

    Glad you liked it!

    Cheers!

    Jason
    Aug 21, 2013. 11:18 AM | Likes Like |Link to Comment
  • A Bond Convexity Primer [View article]
    Hi Kane,

    Hahaha! Love it. Very true. Glad that you liked the driving analogy.

    With smiles,

    Jason
    Aug 21, 2013. 11:18 AM | Likes Like |Link to Comment
  • A Bond Convexity Primer [View article]
    Hi extremebanker,

    'Tis true that embedded options, calls and puts and other things, radically change the duration and convexity calculation.

    With smiles,

    Jason
    Aug 21, 2013. 11:18 AM | Likes Like |Link to Comment
  • A Bond Convexity Primer [View article]
    Hello jaginger,

    Thanks for the additional commentary that you provided for readers.

    With smiles,

    Jason
    Aug 21, 2013. 11:17 AM | Likes Like |Link to Comment
  • A Bond Convexity Primer [View article]
    Hi Whiff,

    I agree completely.

    Jason
    Aug 21, 2013. 11:15 AM | Likes Like |Link to Comment
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