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.

The Hump Day Cometh

By

PrintPRINT
There are certain days that are watershed events, when the entire tenor of the equity market is changed and a new direction is proclaimed. Today wasn't that day. In fact, a pullback after the recent stampede from Matador City was likely the "easier" move and makes our jobs a bit tougher. Now, as the bulls and bears both go home feelin' alright, we ready ourselves for the biggest day of the week....SushiWednesday!

When I was a bright eyed and bushy tailed assistant trader at Morgan Stanley, one of the first things I was taught was to get into the head of the person on the other side of my trade. The goal was to understand why somebody was shorting me a particular stock, what their thought process was and, if possible, what kind of size they had "behind." Obviously, this is easier said than done, but it began a process that has helped me to this day: Always look at every side of your trade before committing capital.

In many ways, that is the goal of Minyanville. Each critter has a different perspective at any given time and that view is typically representative of somebody in the marketplace. I understand that this 'style' of financial information is new and different, but our hope is that it enables the good readers of this site to make better, more informed decisions.

Turning our attention back to the tape, the after hour earnings calls seem to reinforce the notion that the "recovery" is taking longer than expected. I understand that stocks are a leading indicator and will turn before the economy but, despite the handful of "clean" reports from the "haves", the common thread continues to be lack of visibility in corporate America. Just another ingredient to mix into our trading recipe!

I'm still not feeling 100% (far from it) so I'm going to call it a night and try to rest up for dentistfest. As a function of our earlier discussion, I'm bringing Boo home with me as I want him to get a good night's rest. He's had a tough couple of weeks and while I know he won't get much sympathy from our readership, I've always had a soft spot in my heart for the little fella.

We power down to close the chapter on another session, but we still have the night to relax, enjoy and be. Don't fetter away our free time with angst and stress. Let it roll off your shoulders, put a smile on your face, and go have some fun. It could be a lot worse.

Have a peaceful night.
< Previous
  • 1
Next >
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE