It's All Good
If I could throw this lifeless lifeline to the wind
Leave this heart of clay, see you walk
Into the night and through the flame
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.
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.
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