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May peace be with you!

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You can spend all your time making money
You can spend all your love making time
If it all fell to pieces tomorrow
Would you still be mine?

(The Eagles)

The afternoon fray continues its way as we edge to the end of another day. For all the hype surrounding the payroll data, the roar of the lion has been a bit sheepish. While there's surely time left for fireworks (as everyone tries to read Snapper's cards), the great debate is still in play. The (much discussed) technical set-up is still there, the tenor is (thus far)firm and Fokker is still wearing his leather Underoos. When's the kid gonna learn?

As difficult as it is to imagine, Boo maintains that he's still got game. The specter of higher rates (see the homebuilders), coupled with massive complacency and a dark horizon, portends thunderstorms in Minyanville. Hoofy, dancing without an umbrella, thinks the furry fella has flunked his flank. "We've got job growth, we've got breakouts, we've got leadership and we've got Daisy," he offers, "What else could we possibly ask for?"

The bull deserves the benefit of the doubt, I suppose, and it's his ball to fumble. If the trend is your friend, he's certainly the most popular kid in the class. Still, be wary of the talky teletubbies bearing pom poms. I certainly haven't been the hottest ticket in town (and thus in no position to pass judgment) but I think they're gonna bury alotta folks on this one. Again, it's just my humble opinion, but I would be remiss if I wasn't an honest Abe.

Beeks is on vacation next week and the earnings season will trickle towards a close. Applied Materials (AMAT:NASD) will report on Wednesday and Wal-Mart (WMT:NYSE), Target (TGT:NYSE), Dell (DELL:NASD) and Kohls (KSS:NYSE) (among others) will paint the tape on Thursday. Other than that, we'll be left to our own devices to juxtapose the prevailing psychological, technical and structural backdrop. I've got an inclination that it's gonna be a hairy ride (despite the quiet catalyst front), so rest up.

I'm gonna turn my attention to the whippy ship and navigate my way towards the close. It's been a long week and, truth be told, I'm pretty fried. This business has a habit of consuming you and, if you're not careful, it'll dominate your thoughts and "push out" the other, more important aspects of life. I'm guilty of it--we all are, at times--but that doesn't mean we can't try to balance. Take this weekend to smile and enjoy--you've certainly earned it.

Fare ye well.
position in amat, wmt

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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