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Scratch and Sniff


Suck it up Fokker!


The Minx gets set to tell her tale as Fokker eyes the garbage pail. I will say this, Minyans--there was a whole heckuva lotta love in that room last night. If perception is reality and dreams are forged from the collective will, the critter mission will live long and help many. Thanks to those that made our first annual holiday Festivus a huge success. I love you man!

Looking at the Minx, the fear within me grows and I sense there will be roses that punch us in the nose. Goldman Sachs (GS:NYSE) and Mother Morgan (MWD:NYSE) are the first flags of the day as both issues are down a deuce. I don't have to tell you how important the financials are--rotation or no rotation--and I'll be watching the piggies with a piqued interest this morning. Think cart, think horse, think smart...and think about what's important in life (Jackson Reamer, our prayers are with you).

The tenor of the tape has been Pavarotti but I'll offer once more the only thing that'll shift psychology is lower levels. If they can poke through the Saddam high (S&P 1082), we could see a coverfest. A trade below yesterday's lows (S&P 1071ish) would be the first clue that something is rotten in DenMark. Those are the levels that warrant half your eyeball this morning.

With the spanky banks and sticky green semis wishboning out of the gate, we get the first sense of "N's over S's" in a while. The master betas--internets, semicaps, biotechs--are the natural "go to" groups for performance chasers. There's also the old school industrial pool that's floated nicely in recent sessions, so watch for signs of rotation. In Flow's Diner, I've seen a couple million SMH to buy (cover) and some chunky QQQ buy orders to boot.

As always, I hope this finds you well. And wake up Fokker--this is the big leagues and we play in pain!
position in spx

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

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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