« GICS 40: American Express Spin-off Tuesday, February 1, 2005 08:24:44 | Main | GICS 50: VZ & SBC Tuesday, February 1, 2005 12:11:18 »
February 1, 2005
Yada yada Tuesday, February 1, 2005 09:32:25
A long-time reader submitted the following comment this morning:
"I know for me I don't read this site as much as I did the TW. Can't quite put my finger on it but it seems to be a lot "harder" to read than TW entries. Also, there were more "signals" on TW...I know, some of that is due to the market, and some of it is due to your focus on making a new website. But is some of it your holding out what used to be free for the upcoming paid service? (If you search the cobwebs of your mind, when you proposed getting paid advertisers on TW I questioned how things might go...my experiences in the past had been that most sites deteriorated when that became a focus; not saying yours has...just a passing thought)."
My answer is that this site is a work in progress. When it's finished inside a month, it will be at least five times better than the TW ever was. It will always be free. It will never have ads of any kind. And it will have more recommendations, indicators and such, than TW ever had.
Since I am the one producing 100 percent of it, I guarantee it.
TW will be the next site that I change. I will remove all forms of banner ads, Google ads, etc. But TW will be a premium site, and I personally will be the only promoter. If premium subscription bothers anybody, they don't have to access it. In this case though, you will find that the cost is ridiculously low for the service I intend to offer via TW, and the point is that I will have costs that have to be recovered.
But more than anything, the TW premium service will give access to me in a way that even I cannot personally provide. I am programming a decision modelling system that incorporates thousands of data series for the S&P Global 1200 stocks plus all ETFs that encompass not only equity prices (stock, sector and country) but all the key macro factors like interest rates and fixed income market yields, various economic data, commodity prices, gold, and forex cross rates.
That means that at any second, any of you can ask me what I think of most every high quality stocks/ETFs in the world, and I'll have a meaningful answer. And, if capital market dynamics change in the extreme over a few hours, I'll have a different answer " for every single stock in my database, that second.
You may have to watch/listen to my android to get the message, but that'll just be me having fun. The message will be serious.
Unlike any previous database model I have built for capital markets, this one is being built by an expert in network models, which is a technology that incorporates many-to-many data structures.
And when I'm finished, I'll make it available to the buy-side (through a registered subscription) for the ridiculously low price of a buck a click. But then you will only want to use it if (i) you have the buck, and (ii) you acknowledge there is value there.
The sell-side will also get access, but in a different way, and for a lot more cost than a buck. You see, the sell-side gets a lot of valuable info from economists, strategists, computer models, and so forth, and each of those firms has a different perspective on capital markets than I do. For instance, a particular firm may be forecasting a range of higher or lower variables across the spectrum of key equity price influences. I'll give those who want access to my model, the opportunity to sit in their own cockpit and tweak the levers as they wish.
I suspect there are a lot of firms that may want that service, but the truth is I don't know. On the other hand, I do suspect there are a lot of little people on the buy-side (people like me) who could be helped in a significant way with the plan I have for TW.
In any event, if the sell-side wants to continue to hear me harp against their bundling sales products and principal trading services against the very clients they are advising, so be it. They will continue to hear that from me if they want to deal with me. That's because at the end of the day, I am driven by the need for social equity and I know that to accomplish that goal people like me have to take a stand against the absolute power over capital markets that the sell-side has been permitted to gain.
So, I value the comment made by DJ; I hope he continues to read my website/blog; I'll try to improve it; etc; but, the bottom line is I am who I am. As my Mom said to me yesterday when I told her I was hoping she'd keep her spirits up, she replied, "But what else is there? As soon as we lose hope, we die."
I think you all know what my hope is.
p.s., I'm going to make a remark here that probably I shouldn't. If readers want me to pretty up this site with graphics that point you to some other content source on the web, they can go elsewhere. I write my own stuff because I know what I am talking about. There are more popular trading blogs out there that remind me of Roseanne Barr or Jerry Springer. If that's what some people want, then go there. Pretty soon those sites will be history anyway because the sell-side can do a helluva lot better, and they can easily fund some lackey to do their job in a way it doesn't appear to be Humungous Corp pulling the strings. In my view, blogging is a very personal matter and I'd rather be screenwriter, actor, director and producer than the usher in the theatre.
Now that I've said it, I do expect to get the first seriously negative comments since I started blogging last April.
p.s. #2 -- I've had to turn off the trackback feature because that Texas Poker criminal has found a way in. Dr. John Malone, why don't you wake up. Get your head out of your money-bags ass and start to realize the huge damage that your extensive media networks are complicitly supporting. You can find out who this Texas Poker guy is in a heart beat, and you can remove him from your payroll. So why don't you do society a favor for once, and re-pay the little people who made you a mega-billionaire.
BTW, every MT blog publishing site is getting hammered today by this criminal, so it's not just a Bill Cara thing. However, Bill Cara is the only person apparently who is prepared to call a spade a spade to Mr. Malone's face. If he doesn't do something about it, then I think he's no better than the piece of crap I see in this Texas Poker guy.
Now if it's true that we're all just six degrees of separation, John Malone, as well as Kevin Bacon, will get that message.
Posted by Posted by Bill Cara on February 1, 2005 09:33:09 AM | Category: Yada yada
Discourse
Thanks for the response Bill.
I will continue to read your site/blog. And I have no doubts that you will continue to improve and enhance. Which is great, as I meant my comments as positive feedback for you. Some possible insight as to the declining viewship/hit count.
Keep up the great work!
How's the move to the Bahamas coming?
PS We all feel the pain of Mr Texas Holdem. The best defense we have is for people to not respond to any form of spam. These people continue to irritate us because they get action; short of the pathetic US litigation system we need their hit counts to go to zero!
Posted by: enso
at
February 1, 2005 8:41 PM [link]
Hi Bill,
I too look forward to seeing your new site up to your high standards. Also, wondering if I can afford the premium site...?
Cheers,
lazza
Posted by: lazza
at
February 2, 2005 12:20 AM [link]

Bill,
I am a relatively new reader (November 2004) and I have already learned a lot about the capital markets from your new blog.
I look forward to seeing what the premium site offers. As long as it is reasonably priced, I will take advantage of your expertise. It will also alleviate the guilt I feel when I compare your free site to other sites that I have paid for!
Regards,
Lisa
Posted by: Miggs
at
February 1, 2005 2:17 PM [link]