Thursday, October 7, 2010

Fascinating Stat

Crossingwallstreet posts this:
Most of the US market performance happens from close to open.

A Match Market vs Non Market

Brad Delong has an interesting post on the differences in material well being between "red" and more market oriented economies as measured just after the iron curtain fell. No market and close to 90% of the material well being disappears. And this is just the material cost.