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Random Thoughts

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Betcha didn't think that I'd be the critter of choice today, did ya?

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  • Yeah, but can it trade?

  • When we geared up this morning, Hoofy wanted to see a few conditional elements evolve. The morning session found some SOX snappage (+1%) and green piggies (banks and brokers) although both have slipped from their highs as Boo stands above S&P 1200 playing whack-a-mole.

  • Speaking of those frisky financials, the brokers are testing all-time highs as we speak (XBD 181ish). If this complex sprouts acne, Hoofy will feel pretty good on his prospects.

  • The Bernanke Put? Perhaps not so much...

  • Garfield!

  • Mini-Minyan Mailbag:

    "Toddo-It's too wet and cold to golf here in Indiana so I wanted to take a second to let you know how much you and the 'Ville have helped me grow as a money manager. I say money manager because I have not been able to make money by buying and holding anything over the last few years (there seems to be no loyalty to any stocks or sectors). I do not know if it is because the landscape has changed with the 8000 hedge funds shooting at each other or what, but be it as it may it has forced me to be much more active in looking at preserving and growing my wealth.

    What you have taught me about waiting for good pitches, not forcing things and discipline in trading have been the lessons that have made me a successful investor now. You have helped me level the playing field and for that I am very grateful to you. I hope some day things will return where we can buy a good company and hold it and be rewarded, but looking at my wife's portfolio which is buy and hold diversified high quality stocks, the last 5 years have not been inspiring. I am 53 and feel bad for people who will have trouble growing their wealth for retirement, I know I must sound jaded but I feel bad for the buy and hold diversified investors out there . I know a lot of them personally and they just seem to keep their head stuck in the sand afraid to look up, living on the hope that the 90's have to come back.

    Well thanks again -not sure I would have ever taken my head out of the sand had I not found you and Minyanville. Minyan B"


  • Our final tall for the RP hurricane relief efforts for the NEA was $55,200. Thanks again, my friends, that's awesome stuff.

  • The lifestyles of the rich and squeezy.

  • NASDAQ 2123 is a 50% Fibonacci retracement from the August high to October low. We got to within a point this morning.

  • The ghost of Greenspan past.

  • Raaaaaaid!

  • Some helpful advice for Hoofy and Daisy.

  • Growing glowing global showing?

  • Achtung Baby! Germany is faced with the possibility of its biggest bank failure in 30 years.

  • "The S&P 500 December futures show a potential new buy signal at 1205 if/when, and that works to the 1210 area. The primary trend remains negative, however. Meanwhile the Russell 2000 Index (RUT) has reversed up and will give a potential new buy signal at 647.50. Though here too the primary trend is negative for RUT. See the chart, courtesy Dorsey Wright." -- Pepe Depew on today's Buzz.

  • James Grant of Grant's Interest Rate Observer, says in the New York Times that it will be the world's dollar holders, not Ben Bernanke, who will be changing the way the Fed operates.

  • Supply and Demand (Buzz, 10/25/05 2:54)

    Checking in from the long, hard road, I wanted to share some vibes from the street of dreams. As many of you know, I've been of the view (first scribed in 2000) that the financial industry is in for some tough stuff as we weed out the overcapacity. I've fielded a ton of emails and phone calls from folks looking for placement and positions. This isn't news, per se, but the pace and pressure inherent in the dialogue has clearly upticked up in the last month or so. I don't have any solutions (I'm not sure there are any) but I can offer a few tidbits of advice that have helped me along my particular journey.

    • Surround yourself with people you trust.
    • Manage your expectations.
    • Don't sell your soul if you hate your days.
    • Stay humble or the market will do it for you.
    • Give something back-if it's not money, perhaps it's time.
    • Take vacations, balance and breathe.
    • Find a healthy outlet that doesn't involve food or drink.
    • Don't let your net worth dictate your self worth.
    • Be kind to those on the way up (you never know if you'll see them on the back nine).
    • Focus on a destination but enjoy the journey.

  • Fare ye well into the bell!


    R.P.
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