Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Boo WHO!


No one knows what it's like
To be the bad man
To be the sad man
Behind Boo eyes
No one knows what it's like
To be hated
To be fated
To telling only lies

(the WHO)

Well, Boo, what have we learned here? Perhaps it's not to taunt your friends when the tape is looking lower? Maybe it's the "contrary" nature of monster put buyers (remember those QQQ puts?). How about the oldest lesson on Wall Street...stay humble...or the Minx will humble you herself!

The S&P complex is pulling up the techs by the bootstraps and the chatter of pension fund allocation (out of bonds, into stocks) is now making the rounds on the trading desks. Hey, I wouldn't rule it out with rates as low as they are, but I will say that the allocation thesis has been floating around for weeks, if not months.

Tick tocking towards the closing bell and, for those of you who actively trade, its decision making time. Boo will tell you that the most vicious rallies occur in a bear market, we're smack dab in the middle of preannouncement season and the breadth in the NDX is not confirming. Hoofy, who's starting to show a little spring in his step, would argue that nobody believes the rally, the shorts have only begun to cover and we're about to scale the wall of worry. Oy!

On a personal note, I'd like to thank you for bearing with me as I regain my writing mojo and practice the "hat juggling." I believe in the vision of Minyanville and will do my best to provide value and insight. Hope you all had a profitable day and, more importantly, have a peaceful night.


Long QQQ calls

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.

Featured Videos