Random Thoughts: Will August Bring the Revenge of the Bears?

By Todd Harrison  AUG 06, 2013 10:52 AM

Vibes on gold, social mood, and cognitive biases.

 


Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter.
 
It's Turnaround Tuesday in the City of Critters, which might explain the crimson hue in the mainstay averages as we edged out of the opening gate. 

'Tis early, of course, and the price action of the tape has been nothing short of snazzy. As discussed in this space by Jeff Saut, Jeff Cooper, myself and others, the next month or so should tell the tale in terms of "the other side of policy," if in fact that is 2013 business. 
 
As we get to November, and should the market emerge unscathed, performance anxiety could percolate in the last few months of the year as fund managers fight for their professional lives.

Late yesterday, I raced down to the NYSE to tape the closing bell with Liz Claman. While I learned a lot -- I'm an 18”, not a 17.5" collar these days, for instance -- we covered a lot of ground, from the credibility of the ratings agencies to the socionomic landscape to the ever-changing DNA of his marketplace. 
 
That video can be found here, and yes, the first thing I did this morning was 30 minutes on the bike. Hip replacements and six-pack abs don't make for intuitive bedfellows, which is why I opted for the "half-keg" belly. 
 
Some top-line vibes as we power up this counter-trend pup:
R.P.

Twitter: @todd_harrison

Position in SPY.

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.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.