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Stumblin' and Bumblin'


The leaves are falling all around, it's time I'm on my way
Thanks to you, I'm much obliged for such a pleasant stay
But now it's time for me to go, the autumn moon lights my way
For now I smell the rain, and with it pain and it's headed my way

(Led Zeppelin)

The contra hour comes to a close and my desk has become a tad more cluttered with tickets. My eyes keep vacillating between Philip Morris, Cisco, the BKX and my Raiders helmet as we turn the corner and open it up for the final stretch.

Again, the bulls who've been buying all day typically leave ammunition for the closing bell-but with MO down 15%, I think that fly may taint today's ointment. Also, so you're aware, chatter about a Bin Laden tape is making its way around the trading wires. I personally think this pullback is more a function of Smokey--but if I'm going to be your ears, I must also be a voice.

Tomorrow morning we have earnings from a couple of retailers (WMT, TIF) and during the day we'll be hearing from Elmer (speech to the Joint Economic Committee), a handful of financials (Piper conference), QCOM (European meeting), some chemicals (Merrill conference), and a litany of transports (Solly conference).

I am absolutely swamped, my friends, so please let me toss my other hat back on and trade 'em up. Good luck into the close.

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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