Randoms: The Reaction to the News

Todd Harrison
  MAR 12, 2009 12:40 PM

The matador crowd tries to build momentum.

 


Editor's Note: The following was posted in real time on our premium Buzz & Banter (click for a free trial). It's being shared here for the benefit of the Minyanville community. See also All Aboard? and The Punditry Problem: An Insider's Take on Financial Media.


Gate Sniffage! - 10:05 am
 


Guilty Pleasures! - 11:53 am

I've never been accused of being a slacker but for some reason, it sometimes feels like I'm spinning my wheels. Despite best efforts--which includes this--it often feels like several stones are left unturned. I'm not complaining (it's a heckuva lot better than the alternative), I'm just sayin' there's a lot going at the crossroads of finance and media.

Focusing on the former:
 

  • How 'bout some snappage for the brand spankin' new Minyanville Options section?

  • The SEC says regulators may move on mark-to-market and fair value accounting within weeks. Again, that's more drugs and less medicine but it could shift the path we take to our ultimate destination.

  • What did my eyes spy while jugglin' cats this morning? In no particular order, General Electric (GE) and JP Morgan (JPM) (as flagged this morning), American Express (AXP) (trades like it has the black lung), the lethargy in the energy patch (despite the 3% rally in crude), 2:1 positive breadth, the master betas trade heavy, other than Apple (AAPL) (Amazon (AMZN), Google (GOOG), Research in Motion (RIMM), Baidu (BIDU)) and the dollar holds a bid.

  • Circling back beta, could it be as easy as a sector rotation back into the financials?

  • Remember when trading was predicated on sector rotation, fundamentals, technicals and the such? Ah, the innocence of it all.

  • While my tea leaves (and inclination) point higher in the near-term, I haven't had time to catch my breath much less craft a risk profile. As such, I'm doing what any self-respecting man would do right now--taking a walk around the block.

  • Good luck Minyans, and as always, I hope this finds you well.


R.P. 
 

No positions in stocks mentioned.