Just Do it!
Good luck into the close!
"As I stand here this afternoon, it is impossible not to think of the Babe; not to feel his presence here even now. He was more than a ball player. He was everything that is special about this game. He was everything that is special about America."
--Commissioner Ford Frick, 61*
Alright Minyans, the moment you've all been waiting for has arrived. No, I'm not talking EBay (EBAY:NASD) earnings and I'm not referring to Broadcom's (BRCM:NASD) results. The world is gonna stand still tonight and two teams will leave it all on the field. At stake? Not just the American League pennant--we're talking about something much bigger. We're talking about history!
First things first, the whips and change knocked the Minx off her perch after she bumped her keppe at resistance (S&P 1050ish) and XLF bids got hit (seven figures at a clip). The breadth is still positive and, by and large, the shrug is still in place. Still, despite the trip to nowhere's man, there's been a fair amount of intraday noise and another lesson in the frustrations of overtrading.
As an aside, please note the nutty volatility in fixed income land. Strange things are afoot in them thar parts and I'd be interested in hearing Monsieur Reynolds's wrap. One thing for sure, something is gonna give soon and you can almost feel the grip tighten on the handle bars. Take a deep breath before committing your hard earned capital and be sure to remove emotion from the mix.
I'm off like a prom dress so good luck into the close and enjoy the game. The last thing my ticker needs right now is further stress but, as a sports fan, it just doesn't get any better than this. In the name of Thurman, Reggie, Joe D, the Mick, Whitey, Yogi, Donnie Baseball and the Iron Horse, I will leave you with a quote from Dan Devine. No one, and I mean no one, comes into our house and pushes us around. Go get 'em boyz!
Have a peaceful night.
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 firstname.lastname@example.org.
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