And So it Goes...
From our family to yours, have a wonderful holiday season!
Goin home, goin home
By the waterside I will rest my bones
Listen to the river sing sweet songs
To rock my soul
Well Minyans, it's about that time. After eleven and a half months of battle, the critters are ready to refuel, refresh and rejuvenate . While some (Hoofy) look better than others (Boo), we shared the 2003 journey together and will forge ahead with our lessons in tow. Life--and trading--is a rollercoaster of ups, downs, thrills, chills and sometimes spills. I'll be the first to admit that I've had my fair share of chills but I know, as do you, that it's all part of the ride.
The Minx slowly slinks towards the close and it's a mixed bag of chips out there. The minor themes in play earlier are still in motion--the banks act dry, the semis are lethargic, breadth is laggy, liquidity is thin and expiration is looming. In other words, I've seen marbles with more of an edge and while I've got positions on, they're refined and defined. It rarely pays to squeeze water from a stone so if you're juggling rocks, stay disciplined in your approach.
The next few weeks will be thin and thinner as we close the books on another year. Everyone is expecting the fat man to hit the chimneys and that'll either self-fulfill (as it has all year) or cause a spill (as it inevitably will). I will say this--the ursine uglies have pretty much tossed in the towel after their equity enema and are as despondent as they've been in years. Nature of the beast (and a bear market) I suppose--they took out the bulls, now they're taking out the bears, next they'll take out the bulls, then they'll take out more bears. When it's all said and done, there will be a scattered bunch of frustrated traders.
Alas, our focus is on the journey rather than the destination and we'll wade our way through the muck together. The Minyanville staff will be rotating throughout the holidays so please forgive us if the content is sporadic at times. We've got new writers (and a host of snazzy new features) lined up in the coming year and I believe that you'll find the quality consistent with what you've come to expect from the city of critters.
Finally, I would like to once again thank you for the continued support of both Minyanville and The Ruby Peck Foundation for Children's Education. A few years ago, our vision of philanthropic education was a pipe dream but with your help, it's slowly becoming a reality. I plan on returning the first week of January and will then have a business engagement until the ninth so, if we don't speak, have a fantastic holiday and a safe, prosperous and healthy new year.
May peace be with you.
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.
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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