Todd Harrison: Bulls Celebrate Stocks at Highs With Fear at Lows

By Todd Harrison  JUL 03, 2014 11:55 AM

Underperformance isn't "Kool," no matter how you slice it.


Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO.

There's a party goin' on right here; a celebration to last throughout the years...
-- Kool & The Gang

The S&P 500 (INDEXSP:.INX) is at an all-time high, the Dow Jones Industrial Average (INDEXDJX:.DJI) is trading above 17,000, and anxiety, as measured by the VXO (INDEXCBOE:VXO), has never been lower -- ever.

With Independence Day upon us, the Bulls and their Gang have every reason to dance, Hurricane Arthur be damned. 

While some will argue the rally is synthetic, driven by manipulated agendas and bastardized by robots, anyone who bought (or held) until now is doing a jig all the way to the bank. Of course, paper gains are just that until a sale is registered, but why let semantics and process get in the way of a good time?

I was supposed to be on holiday this wee -- the second annual Del Corando respite with my wife and little one, enjoying some down time while the twins are at camp -- but it wasn't meant to be as there is too much to do. That's not as much a complaint as communication, for I know the alternative -- not enough to do -- wouldn't be much fun.

A holiday rendition of Random Thoughts? Glad you asked; in no particular order:


Twitter: @todd_harrison

Follow Todd and over 30 professional traders as they share their ideas in real time with a FREE 14 day trial to Buzz & Banter.
No positions in stocks mentioned.

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

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.