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Meanwhile, at Ballstein Models


Derek Zoolander just jitterbugged by the office (with an Orange Mocha Frappacino!) to let us know that there's more to life than being really, really good looking. Uh, Earth to Derek, we understand that moisture is the essence of wetness and wetness is the essence of beauty, but it takes more than just a pretty face to profit in this takes patience and discipline.

There was a moment last night, when I was sandwiched between the two Finnish dwarves and the Maori tribesman, when I thought to myself "Wow, there's really a chance that a tradable low could occur in the near future--but the unknowns continue to weigh on this tape. It's not like the economy is smoking and the geopolitical risk is the only caveat. We're in an honest to God profit recession and, while the most vicious of rallies occur in a bear market, we need to appreciate the difference between a trading rally and a cycle turn."

This tape has given many traders prostates the size of honeydews and a heads full of bad memories--but we can't waste our valuable energy looking back. True clarity can only be achieved by looking forward and clearing the mechanism. We've spoken for many years of the inevitable "weeding out" process in the market, and it's in full swing. There will be better times and easier profits in the future...the goal are to be in a position to prosper when they arrive.

Now, if you'll excuse me, I have a breakfast date with Matilda and the water's boiling in the kitchen. More tea please!


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.

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