Todd Harrison: Janet Yellen, Bank Stocks, and Turnaround Tuesday

By Todd Harrison  JUL 15, 2014 10:50 AM

Observations from the front lines.


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Every now and then I get a little bit nervous that the best of all the years have gone by...
--Bonnie Tyler

It's Turnaround Tuesday on Wall Street, the second set of our five-session stretch. 

The wires are chock full of earnings -- highlighted by second-quarter results from JPMorgan (NYSE:JPM) and Goldman Sachs (NYSE:GS) -- as well as the requisite jawboning from Federal Reserve Chair Janet Yellen, who sees "significant slack remaining in the labor markets" and believes that a "high degree of accommodation remains appropriate."

All in all, it's just another brick in the wall (of worry), and in the interest of time management, I'll offer the following Random Thoughts:


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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

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