You fritter and waste the hours in an off hand way
Kicking around on a piece of ground in your home town
Waiting for someone or something to show you the way (Pink Floyd) Tick tocking towards the closing bell and it's very, very quiet. How quiet is it? J.J, the newest newbie on the trading desk, actually managed to find the time to shave that fakakta wannabe half-beard he walked into work with. Hey kid...maybe you should put some cream on it and let a kitten lick it off! The terrible tortoise that is Snapper is really trying to peek his head out of his shell, but the weakness in the (I can't say it again) and the pending economic numbers (uncertainty) is bringing out supply to meet that demand. If you aren't aware, tomorrow morning we have a slew of numbers out of Washington that include the Unemployment rate (exp. 5.9%) and Non-farm payrolls (exp. 6k). Where the heck is Beeks when you need him?!? I certainly see the fear factor in the marketplace and, ultimately, that's a bullish sign. That said, we aren't at extreme readings yet (VIX 43) and it still smells like there's some hope floating around. This, of course, doesn't mean we can't rally from these levels (the buyers are higher), but trading is all about identifying advantageous risk/reward. The trader's who coss toins all day are quickly falling by the wayside. Discipline, pure and simple. Gonna hop and walk through our risk profile into the closing bell...and we're gonna nourish ourselves with some delicious Brent and Sam's Chocolate chip cookies. I'll tell ya, I'm a chocolate connoisseur and I've yet to find a better cookie! For all our friends going to Mike's worthy Wings of Hope event tonight, we'll see you there! Good luck into the close. R.P No positions in stocks mentioned
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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