I've seen more action in the back of a barn!
- Someone once told me to write about what you love and what you know. That's why I always mention Ruby when talking about the markets.
- The Bernstein bears.
- There is something very wrong with this.
- That ain't workin', that's the way you do it...
- I put a coupla legs in the fur yesterday around S&P 1180 and I slipped the last leg back out today (around S&P 1180). Why? Firm financials, 2:1 NYSE breadth, thinning market and lack of a discernable edge. Let's call it a push as I dance, uh...flattish into the weekend on my active risk.
- The other side of the gold coin (and offered in the interest of balance rather than agreement).
- "China's custom is that we never blame others for our own problem," said the senior central bank official. "For the past 26 years, we never put pressure or problems on to the world. The U.S. has the reverse attitude, whenever they have a problem, they blame others." - Li Ruogu, the deputy governor of the People's Bank of China
- More gobblin' on the greenback.
- The News & Views content is light today and will likely be thin Friday as well. We'll be back full thrust on Monday so thanks kindly for your patience.
- Fallujah was unexpectedly bombed with Matzah balls last night...
- "With the S&P 500 price/peak earnings multiple now above the levels registered at the 1929, 1972 and 1987 peaks, stocks have moved back into the 'bubble' area seen only briefly during the period leading up to the market's 2000 peak. The combination of overvalued, overbought, overbullish, and overleveraged conditions doesn't strike me as a particularly sturdy environment to support further gains. Of course, risk preferences are a psychological factor, not a fundamental one." - John Hussman, Hussman Funds
- Auburn, USC or Oklahoma?
- The two best tidbits of advice I ever received were to view obstacles as opportunities and that the difference between success and failure is tenacity. You really gotta want it and to get it requires a constant motivation that few possess.
- The US EIA reports that crude oil inventories rose 100,000 barrels and gasoline inventories rose 1.8 mm barrels. Crude dipped, blipped and is now down 1.2% on the day
- Just beat the Ponies and I promise I won't ask for any sports magic until March.
- Rich Gula wrote an awesome column yesterday.
- On this date in 1998, AOL announced a deal for the purchase of Netscape for $4.21 billion.
- Minyanville encourages creativity and literary freedom. it is what we make of it. and yes, there's the network--likeminded professionals and sophisticated individuals who crave to be intellectually provoked.
- Trade smart--don't bet just to bet.
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.
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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