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Random Thoughts


The purpose of the journey is the journey itself!

  • This is wrong on so many levels that I'm not sure where to start...

  • December volatility in the S&P is stunningly slim (10.3). I should be so lucky! If you're of the view that motion (under the hood) will morph into movement (of the mainstay indices), there's a tradable disconnect in your midst.

  • Energy and metal equities are en fuego, which is both nice (I own metal shares) and naughty (I never bought back my Weatherford). I've been penny wise and pound foolish a few times in my career--ok, lotsa times--so I'll remind myself that the OSX is 17% off its '06 high as I watch it tickle the 200-day.

  • The reaction to the news in the homebuilders reeks of "What, me worry?" as Spoms suggested, and Minyans should remember that there's a marked difference between a trade and an investment. For those in the former camp, HGX 220ish is the nearest-term technical task. On the latter matter, the neighborhood is fraught with O-Dog type risks.

  • Remember when the chip shtick was THE tell for tech which, in turn, was THE driver of the Minx? The SOX is up a deuce on the heels of KLAC's 9% giggle (KLA-Tencor is the highest weighting in the SOX at 11%). Keep eyes peeled toward NDX 1750-1760, which is multiyear highs. I guarantee that if we edge closer, the mainstream media will be breaking this news.

  • Is anyone else tired? I mean, honestly, I'm so lethargic that it would take me an hour and a half to watch 60 Minutes! No rest for the weary, however, as we've got a juiced line-up of FOMC banter (no change/inflation risks) and more earnings. And, in the interest of forthright Minyan communication, odds are that I'm gonna be starting a rather long road trip shortly. No, not the Food King. Business. Pure business.

  • Repeat after me, discipline over conviction.

  • Pepe and I received an unidentified FedEx this morning. Upon carefully opening the box (hey--you never know), there were two tee-shirts from the Turkey Testicle Festival! Minyan Martin Call evidently read Buzzes that Pep and I separately scribed last week and took it upon himself to send us the garb. Thanks, my friend! We'll be making a donation to the Harry Chapin Food Bank in your name. Please know, however, that we've already had breakfast.

  • The weekly Investors Intelligence survey shows a slight increase in bullish sentiment to 52.7% from 5.2.% prior and even slimmer increase in bearish sentiment to 30.1% from 30% last week.

  • Well wishes and white light to QueenAnnWolfMacke®!

  • As always, I hope this finds you well and hanging with some jingle in your jeans. And, if you haven't locked your spot for the December 1 Festivus, get involved! The purpose of the journey is the journey itself!
Position in 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

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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