Freak Friday Potpourri: Tying up a Long Week-Minyanville

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Freak Friday Potpourri: Tying up a Long Week

Todd Harrison Apr 04, 2008 10:40 am

Freak Friday Potpourri: Tying up a Long Week


		Putting the Fried in Friday!

Raise your hand if you're ready for the weekend! After a nutty strut that started with a sputter, turned around for a monster Tuesday and spent Wednesday and Thursday fixated on headlines from the hill--including, but not limited to, the precipice of financial Armageddon, notice that JP Morgan (JPM) was the only bank healthy enough to buy Bear (BSC) and insistence that words were more powerful than an entire institution--it's time to climb the final rhyme.

What have I done this morning? You mean, after I ordered bagels, lox and shmear for the entire MVHQ staff? I scanned the world for clues, looking for something--anything--that can provide the all-elusive edge. Here are some top-line thoughts and please, keep in mind, it's Friday with a capital FRIED.

Mike "I've got no place left to go" Mayo, the influential banking analyst at Deutsche Bank, added JP Morgan to his short-term sell list. So much for the healthy bank of the bunch, eh?
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I'm keeping close tabs on Baidu (BIDU) as it sniffs the $300 level. You can trade seven ways till Sunday as long as you're tight and the closer it gets to resistance, the tighter it becomes. Win, lose or draw.
Shall we play a game? Consistent with recent vibes, I remain light and tight on the handlebars as we edge towards the first meaningful resistance (S&P 1405, DJIA 12,800). From there, the War Games will start in earnest..
I'm quite conscious that the reasons for my constructive stance three weeks ago may well manifest (I'm decent on the cusps but often suffer from premature evacuation). I see both sides here--the game of chicken, the critical crossroads, our potential paths--and rather than press or guess, I wanna listen with discipline.
As a function of popular demand, we've added email alerts to our articles so Minyans can have their favorite vibes waiting for them in their inbox. We're a community that cares and when thy faithful speak, we like to listen. That's how we roll.

Some Answers I Really Wanna Know…

What have we learned?
You mean the Fed may actually turn a profit on our money?
Is there an upside trade nestled between perception and reality?
Or is Hoofy trying to pick up dimes in front of a bulldozer with resistance looming?
What's Steven Colbert's take on the economy?
Why do bulls always get loud after rallies and bears growl loudest on the lows?
Haven't we learned that just because some yells, their message isn't necessarily more important?
Who's gonna buy the next Bear Stearns?
I mean, other than you and I?
Do you think the Fed will take some of my Schering-Plough (SGP) calls off my hands?
Have you read the story of Minyanville?
How about the real story of how the Wall Street Bull and Bear came to be?
Does anyone else get the sense that Isaac made out like a bandit on the Love Boat?
Can't you just imagine the pick-up lines he used?
Like "Hey baby, they don't call it the Love Boat for nothing! I'm closing up the bar soon... why don't you meet me on the Lido Deck and we'll ride the waves together?"

R.P.


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tags:

PERCEPTION, REALITY

Comments (3)

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Lee Stockhamer

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04-04-2008, 11:56 am
Todd, It astounds me that Bernanke's stunning admission that the entire Financial System was/is one bank failure away from total meltdown has pretty much been ignored. If we were to have a Crash in the next 2-6 weeks for "no a Read More

John Falcone

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04-04-2008, 12:35 pm
Todd, I think that # would be to easy for the Bear's. The real game start's @ Dow 13,103 S&P 1469. The market always takes money from both the Bull's & Bear's. PS get out of SGP Read More

Spunky Tuna

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04-04-2008, 4:14 pm
I know the when, but I am intrigued with the who, what, where, and why the abnormally high trading volume last August 16, 2007. There appears to be an extreme outlier of nearly 2 to 3 Bn trades that day, or very roughly 100% greater than a very roug Read More


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Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

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