TY - JOUR T1 - Boosting the Liquidity of the Market Engine: <em>Horsepower</em> <br/> <em>versus Torque</em> JF - The Journal of Trading SP - 6 LP - 7 DO - 10.3905/jot.2012.8.1.006 VL - 8 IS - 1 AU - Robert A. Jaeger Y1 - 2012/12/31 UR - https://pm-research.com/content/8/1/6.abstract N2 - In this commentary, we make the analogy between market liquidity and its components and engine torque and horsepower. This analogy is used to appreciate the importance of contrarian investing and enables us to think more clearly about the influence of potential regulatory changes.TOPICS: Legal/regulatory/public policy, style investing, analysis of individual factors/risk premia ER -