The current prices that are being paid for NYSE seats are much higher
than they have been relative to the S&P500.
If the historical
relationship remains relatively stable, than one of two outcomes is
implied: either the S&P500 is very undervalued relative to the
seats – or the seats are being overpaid for.
NYSE Seat Exchange Prices vs SPX
Source: Michael Panzner
Will the historical pattern hold up, or does the recent merger alter the relationship? It is possible that the NYSE/Archipelago deal is skewing the value of NYSE seats.
Obscure Economic Indicators:
Quote of the Day
“Never write when you can talk. Never talk when you can nod. And never put anything in an e-mail.” ~Eliot Spitzer
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.