It's chilly in Red Dye Junction.
- The sign said "eight items or less". So I changed my name to Les.-- Steven Wright
- The ability not to trade is often as important as trading ability.
- Lagarijo, a famous 19th century bullfighter, killed 4,867 bulls. It is unclear, however, if he was short the semis at the time.
- Many Minyans have asked for examples of upside hedges. The IBM (IBM:NYSE) November 90 calls (see the gap above) and the Wal-Mart (WMT:NYSE) November 60 calls (earnings/potential acne) represent the "type" of options/charts that could kick in if the market parties like Prince.
- Note the sharp reversal (higher) in the oil service stocks.
- Albert Einstein was offered the presidency of Israel in 1952.
- The gold ETF will be launched December 1st and the chatter on the street is that it's lending demand to the metal.
- An oversold bounce was due for the dollar (particularly amid the loud declarations of death). It's coming back in today (read: for sale) but, more likely than not, the big picture degradation I envision will likely take its sweet time.
- We're working on a new Minyanville professor that I'm certain you'll dig in a big way.
- Ointment is a funny sounding word.
- The chatter among the Rubyville "early bird special" crowd is that the bull market is back.
- I just saw 500,000 SPY and 500,000 QQQ on the tape (being told it's a short cover).
- Rick Mirer?
- Layoff announcements from U.S. companies more than doubled in October to 171,874, the highest in a year, according to the monthly tally released Tuesday by outplacement firm Challenger Gray & Christmas.
- The Associated Press is reporting that four large explosions were heard in Baghdad and smoke was seen rising near the U.S coalition compound. Prayers to our troops.
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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