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The U.S.S Minyanville



Tin soldiers and Nixon's coming
We're finally on our own
This summer I hear the drumming
Four dead in Ohio

(Neil Young)

OK, this is weird. Iraq is in the middle of debating their response to the United Nations and the news channels have yet to pick up the story. I mean, when the chairman of the Iraqi parliament comes out and says "Saddam Hussein will defend the independence of Iraq," isn't that an important data point? In the lickity-split world of trading, this type of news can color the pervasive psychology which, in turn, will impact stocks. Regardless of your opinion on the relevance of this development, you should be made aware of it.

Stocks have retreated modestly since the story hit Bloomberg but the trading chatter has yet to get "loud." Perhaps more importantly, the crude oil futures are beginning to spike. Perhaps I'm reading into this too much, but I would have thought that the Iraqi government would, at the very least, feign compliance. Things that make you go hmm...

I apologize for the terse posts today but the critters are jamming and I'm juggling. I hope this finds you well.

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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