As previously mentioned, we are going West this week, to meet up with friends and clients as well as meet with prospective clients.
I am looking forward to speaking with some interesting folks at David Rosenberg’s intimate event in Napa this weekend. Then for the rest of the week of May 4-8th, we will be in San Francisco and Silicon Valley, meeting with clients, presenting to a few tech firms, and generally enjoying the Bay Area.
Long-time readers may recall that markets occasionally misbehave when I am traveling — be it the Flash Crash or the 2008-09 or 2000 or even 1987 (I don’t recall what I was up to in 1973-74). I don’t believe the correlation is anything more than a coincidence (but you have asked to be informed when I am on the move).
It’s over 90 degrees here in SV today, but it’s supposed to be more civilized next week.
Hope your visit is Earthquake free!!!
Bring water !
Forget Obamacare and gay marriage court cases. This is the most important legal case of the year. The definition of craft beer may finally be defined. The entire world waits on tenterhooks.
http://www.marketwatch.com/story/how-blue-moon-made-craft-beer-meaningless-2015-05-01?page=1
The police chased after Freddie Gray because he ran when he saw them. After they caught him, they arrested him for having what turned out to be a legal knife. He then became unconscious during the van ride and then died in hospital. The police then tried to cover up what occurred.
And the police wonder why people would run from them when they see the police coming.
http://www.nytimes.com/2015/05/02/us/freddie-gray-autopsy-report-given-to-baltimore-prosecutors.html?_r=0
As was explained to me by a former policeman (in Oakland) the policy was once that if you ran away, you went to the ER if they caught you – everyone knew the rules and no one ran away. Rodney King made cops a lot more discrete – notice that they waited until Mr. Gray was in the back of the truck before they beat him to death. The arguments against the police wearing cameras don’t sway me – though the unintended consequences will probably include more property crime because criminals will be harder to catch. But eventually every third person will be wearing a camera and then crimes against people will become very hard to get away with.