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It's All Good

By

Thanks girls!

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If I could throw this lifeless lifeline to the wind
Leave this heart of clay, see you walk
Walk away
Into the night and through the flame


(U2)

I'm not one who's easily surprised-but I just was. Pat, Linda, Michelle and the rest of the gang just walked onto the trading floor (with cake!) singing a farewell song. I gotta tell ya, thus far I've been doing ok with the "goodbyes" but I think the ladies just tugged the strings a little bit. In many ways, this transition is surreal and I don't think it's going to sink in until I'm actually hanging my hat in the new digs. Regardless, a heartfelt "thanks" to the entire office for their goodwill. It means a lot.

Taking a deep breath and focusing my attention back to the market, the games seem like they're ready to begin. Markets that are up all day typically end that day but expirations and rebalances require an asterisk. I've been staying the course on my last gasp schnitzel but for those of you who are in next week (or have longer horizons), you've got some decisions to make. There are a whole heckuva lot of crosscurrents going on and you should incorporate those into your decision making process. My sense continues to be that the bears are "alright" under S&P 925ish and NDX 1060ish but, as you know, that's simply my humble opinion.

As for today's poll, Tom Hanks took the prize for best actor with Ed Norton and Bob Deniro tied for second. Jack Nicholson and Al Pacino tied for third and Merill Steep deserves an honorable mention for, well, being mentioned often.

I'm going to jump into Jeff's office for a little reminiscing before finishing up my end of day/week/year piece. Thank you all for walking through this milestone with me...I hope it's the first of many.
Good luck into the close.

R.P

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No positions in stocks mentioned.

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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