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Pinch-hit randoms


Have a beignet for me, David

• "But as to technical perfection, there is a fly in the champagne. With the SP-500 moving out of the Downtrend and the Dow and the NASDAQ seemingly close to it, we must face one of the harsh realities of chartism. All three of these averages are overbought on a short-term basis. Not that momentum can't be sustained long enough to get all of them out of the Downtrend rut - it may or may not - but I think there could be an uncomfortable interruption. Waiting for it may be like waiting for a shoe to drop.... Another alternative is that the market will continue to climb in an overbought condition and, in so doing, cause a lot of investors to miss an exciting year-end move. Who said this game isn't an art? On this note I caution you to be careful - but not too careful. Never forget that we get paid for taking risks." - Don Worden 11-3-2004

• I understand the bear case. How can one not given the exceptionally cogent explanations of it here at Minyanville? What I want to know is if we are October '29 or October '87...

• Best wishes to Elizabeth Edwards on successful treatment and a permanent remission for her breast cancer.

• It turns out 1.5M more youth voters turned out for the 2004 election than in 2000, so the get out the vote campaign was successful. They didn't increase as a percentage of voters between 2000 and 2004 because the GOP effort was similarly successful.

• I finally saw a replay of my Bloomberg TV appearance. I promise to smile more next time.

• Merck is in big trouble in the lawsuit over Vioxx. I'm not sure the plaintiff's bar even has to subpoena expert testimony. Just hand them Dr. Eric Topol's scathing criticism in the NEJM and the similar bushwhacking they got in the Lancet.

• John Kerry got more votes than Ronald Reagan did in his landslide victory in 1984. Unfortunately for the Senator's backers, he didn't get more than President Bush.

• I wrote a while back the FDA would be reviewing its procedures for approving follow-on drugs regardless of who won the White House. The WSJ picked up the story this morning.

• Seven consecutive Democrat Presidential candidates have received less than 50% of the popular vote.

• I've been running my own company for most of six years. I ran someone else's company for six years before that. I spent last night, as I have on Thursday nights for the last month, in a pub with a local entrepreneur's club. What an outstanding way to recharge the batteries.

• I love my job.

• I can't wait to come to the Big Apple the week of November 15 to see my current customers and meet (hopefully) many new ones. Hanging out at the Minyanville offices should be a hoot, too.

• I don't eat sushi. Growing up in a fishing town I know where it comes from and if it ain't cooked, it ain't going down this gullet.

• A leftist newspaper in Britain handed out addresses of voters in a swing county in Ohio, inviting its readers to write to these voters and convince them to vote against President Bush. The reaction? A letter to the editor from a local election official read, in part: "The American Revolution was fought for a reason." Reaction part 2? In 2000, Al Gore won by 324 votes. In 2004, President Bush won the county by 1,620 votes. This was the only county in Ohio that Mr. Gore won that Senator Kerry didn't.

• "I'm kickin' the plan before the plan kicks me. I'm gonna get me... outta here." - Jet

• Have a great weekend! I wing to the Big Easy on Sunday for a quick biz trip. See you again on Wednesday.

No positions in stocks mentioned.

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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