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Random Thoughts

By

Has the virtual real estate bubble finally arrived?

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  • Why does Google for YouTube remind me of Yahoo! for Broadcast.com?

  • And are you hearing the Facebook chatter heating up? I've heard Google (again, no seriously) but I can't imagine Yahoo! would let that trade.

  • By the way, have we mentioned that we'll be unveiling The Exchange on our existing community? No really, see the home page module. And we're not doing it to chase a trend, my friends (that's not our style). We have a community in the vertical of finance. This will simply allow them to socially and professionally network with one another.

  • But that's not really my point. We saw a dot.com bubble in 2000. We're seeing a real estate bubble unwind now. Has the virtual real estate bubble finally arrived?

  • Lest you missed it, Legg Mason (LM) is getting waxed for 18% on the heels of their earnings miss. While it's the lowest weighting in the XBD (6.7%), it's knocking the brokerage proxy for 10 points, or 4%. We've still got some room to support (XBD 220) but I wanna make sure it's on the Minyan radar.

  • As per Professor Bennet's energy bent on the Buzz, please toss XLE Fitty ($50) on your radar as a decent defined risk technical level. We know that multiple tests weaken support (resistance) but it's worthy of a mention in the context of his comments.

  • Margin compression in the online brokerage space? Ya think? (Yes, we thought.)

  • Citigroup, on the heels of the Keefe downgrade, should be a strong tape tell today. Particularly with the BKX toggling at the all-important 114 level.

  • The weekly Investor's Intelligence survey found a jump in bullish sentiment to 52.2% vs. 49.5% prior and a drop in bearish sentiment to 30.4% from 33.3% in the prior week.

  • December 1st, Minyans--it's for the kids. Our buddy from 'Bama will be there, along with a slew of his crew.

  • A team of American and Iraqi epidemiologists estimates that 655,000 more people have died in Iraq since coalition forces arrived in March 2003 than would have died if the invasion had not occurred. The estimate, produced by interviewing residents during a random sampling of households throughout the country, is far higher than ones produced by other groups, including Iraq's government, Washington Post reports.

  • "I don't usually "do TV" because I have found that people in charge of TV shows generally don't like to give me unfettered access to their viewers. But in a change of pace I'll be representing the 'Ville up in the PBS House tonight on the Nightly Business Report. Seriously. To prepare I'll be shaving my head this afternoon and introducing PBS to my new TV-personality, The Lone Coyote (it's like a "Lone Wolf," but more manly in a Western-themed way)." Pepe Depew on today's Buzz.


R.P.

Positions in financials, energy, metals

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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