Fletch and Sketch
Meanwhile, the Underhills point our attention to the bond market and its insane volatility today. Bonds have never been my bag, baby, but I am watching their movement as it will affect my equity trades. As a matter of fact, they just popped a bit and the Spoos came off (read: S&P futures came for sale) in tandem. I haven't sniffed anything out yet, but I've got my nose to the ground. The only thing I've found thus far is a jackknifed manure spreader on the Santa Ana. You should see my shoes!
From a pure trading standpoint, I suppose you needed to see some panic on the buyside (off the lows) IF (big if) there was going to be a pullback today. It still early and we have a lot of trading left to do today-but from Boo's point of view, thus far it's scripted. I'll tell you one thing...if the street is half as tired as I am right now, they're likely doing less.
What kind of name is Poon, anyway?
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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