The Day Ahead: A Dose of Reality

On Thursday I got to tour the NYSE with four pals. I have been down there numerous times over the years for business and segment tapings -- but, while on the floor, I am always looking for new historic fun facts about the building itself. Yesterday I learned the blue tape on the floor, separating the trading floor from trading desks dates, back to the good ol' days when a market maker couldn't enter the trading-desk area. Oh, and if you look up at the ceiling, real gold is used for ornamentation. Take that underground, New York Federal Reserve building!

Above all else, the visit reaffirmed that the market is just a big machine nowadays, and that the floor is a virtual ghost town midday. It frightens me, honestly, that a year of deep fundamental research could be destroyed with a flick of the switch or a cyber attack. (Side note: you should really be doing homework on Internet-security firms, and finding one or two names to hold longer term.)...380 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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