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The Mime Game

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With the bell quickly approaching, I wanted to sneak one more post out before the close. There are a lot of balls in the air right now technically, politically, fundamentally and psychologically. Unless you're a most talented clown, that's a lot for anybody to juggle! Couple those crosscurrents with the imminent electoral results, tomorrow's Elmerfest (FOMC) and the pending earnings reports...it's clear that Wednesday's session is going to hairier than a barber shop floor.

As our considerable readership scans the spectrum of novice to professional, there are no blanket thoughts that apply all Minyans. Make your choices based on what you know now and, win or lose, don't look back. As long as your actions mimic your own beliefs, there will be no second guessing please.

They say that imitation is the greatest form of flattery and it's hard to argue with history. When it comes to your financial choices, however, you must make decisions consistent with your individual risk profile. The Pollyanna Parrots flapping their feathers will tell you not to fight the Fed and, eventually, they will be right. However, the same arguments were being vehemently voiced when the NASDAQ was twice the level it is today.

Rate cuts alone should not dictate your investment decisions. Tomorrow will be crowded, it will be thin and it will be fast. If you're tossing coins, toss them into your piggy bank and await an edge. A pig in the poke is better than poke in the eye.

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 todd@minyanville.com.

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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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