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Hugs and Squeezes

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Mama's got a squeeze box she wears on her chest
And when Snapper comes home he never gets no rest
'Cause she's playing all night, and the music's all right
Mama's got a squeeze box, Snapper never sleeps at night

(The WHO)

Another day, another twelve hundred hair follicles. I'll tell ya, nothing comes for free in this world---particularly profits! Consistent with our thesis that a bear makes everybody's life difficult, today's early morning pressers are licking their wounds as Snapper stuck one right in their teeth and never looked back. Speaking of teeth...when I get the four wisdoms yanked two weeks from tomorrow, does that count as losing weight? Hey...maybe there is a silver lining!

It's hard to imagine that today's move was the "easier" trade, but as this lift relieved some of the oversold bungee, the bulls have one less feather in their cap. Obviously, that doesn't mean this rally cant continue and squeeze people back into the tape (long and short). We have a ton of information flowing down the pipe in the next six sessions and, if we can find some validation in our midst, Hoofy might actually make a stand.

I spent some time digesting the last post and I think it sums up where we are. I've always been a big believer of the "Three phases of Eve" and, depending on your perspective, we're in the early stages of denial (bullish) or the latter stages of panic (bearish). Truth be told, the Minx likely hasn't made up her mind yet and the answer to this question will be a function of the news flow.

In any event, it's another session in the books and another day on the calendar. I pride myself on my honesty and I've gotta say....I'm friedola. While we strive to remove emotion from our process, the process itself is emotionally draining. Balance during times like these refreshes the soul and brings clarity to the mind. Turn the market off for the night and spend some time smiling. You've surely earned it.

Have a peaceful night.

R.P

No positions in stocks mentioned


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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 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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