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Random Thoughts

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Just take a deep breath, Minyans, and forge ahead. Tenacity and resolve will certainly set you apart.

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  • Weatherford, which is one of my favorite drillers, reported this morning and is cutting the upside rug to the tune of 6%. It's now at the technically significant $40 level and will remain vulnerable until that hump is mounted. I continue to trade this puppy with a long bias.

  • Wouldn't this technique work better in eastern Europe?

  • If good things happen to good people, Adam Katz might be the poster child of that mantra. My good buddy was named CEO of MS Howells today and continues to lead by example. Snaps, brother.

  • My sense--and this is purely a sense--is that Big Ben will talk tough. I don't necessarily think he wants to, I simply think he needs to. As such, confidence and credibility remain critical elements for the broader psychology.

  • I'm conscious that a hawkish bent by the FOMC tomorrow will dent the energy and metal space. While I'll likely pare some of my directional trading exposure into today's lift, I wanna keep my longer-term bucket weighted to those two groups.

  • With our tea leaves skewed slightly positive (breadth, emerging markets), some further upside meander wouldn't shock me as we hike to the hump. I don't think S&P 1433 will be taken out, however, as sellers are likely waiting in the wings.

  • Get busy living or get busy dying? That seems to be the emerging dichotomy in the hedge fund community and society at large. Just take a deep breath, Minyans, and forge ahead. Tenacity and resolve will certainly set you apart.

  • Mr. Valentine has set the zone at S&P 1400-1433. A poke on either side of that parade will set off all sorts of stops.

  • It's Janet - Miss Jackson if you're nasty!

    OK, maybe it's not nasty. But it's certainly Gross. As in Bill Gross. As in Bill Gross from PIMCO. As in Bill Gross from PIMCO that seems to be echoing many of the thoughts we've chewed through in the 'Ville. My father used to tell me that if enough people tell you you're drunk, you'd better go lay down. I don't know if Hoofy will heed this advice but it's certainly sobering stuff.

  • "Thematically, it's about the very simple idea that, in this post-modern world of ours, human beings-all of us-are worth less. We're worth less every day, despite the fact that some of us are achieving more and more. It's the triumph of capitalism. Whether you're a corner boy in West Baltimore , or a cop who knows his beat, or an Eastern European brought here for sex, your life is worth less. It's the triumph of capitalism over human value. This country has embraced the idea that this is a viable domestic policy. It is. It's viable for the few. But I don't live in Westwood, L.A., or on the Upper West Side of New York. I live in Baltimore ." David Simon, Executive Producer, The Wire.


R.P.

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Position in WFT

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.

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