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Ratner's Revenge

By

It's a beautiful day, I've got my cow and I love my friends. It could be worse!

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"Yeah! The attitude dictates that you don't care whether she runs, stays, trades, or prays. I mean whatever happens, your toes are still tappin'. Now when you got that, then you have the attitude."

--Mike Damone, Fast Times at Ridgemont High


I'll tell ya, one day we're gonna tell stories about this period in American history and (hopefully) we'll be able to look back and say we forged through it. That it was tough--but we made it to better times, easier tapes, and a peaceful existence. Will that happen? I cant tell you for certain--but if we make intelligent (disciplined) decisions and think positive, our odds will surely be increased.

Today's ping got ponged and I'm wondering (aloud) if our Shim is about to get Shammed. I've been eyeballing S&P 810ish and we're one sloppy day away (if we get there). Regardless, I'm going to (humbly) slip out of my bear appendage, go home naked and come in tomorrow fresh and ready to play. There's real risk ot BOTH sides of the tape, cookie, and I respect the power of the Minx.

Meanwhile, our "friends" across the pond don't seem to share Dubya's enthusiasm for military action and that dispersion continues to cause a rift. Couple that with the new terror threats, fundamental invisibility, technical cracks and, I've got to say it again, investor complacency (VIX down) and you can see why we're struggling to hold gains. I still sense a stiff lift out there but until the ducks line up, I'm gonna continue to dance, Partna.

I'm gonna hop so I can post this in a (relatively) timely fashion. Remember not to let yourself feel too good when you win or too bad when you lose. The goal is consistency and if you can smooth the variance of emotion, you'll surely benefit over the long haul. Tip your hat to the crowd, toss the ball on the mound and jog back to the dugout--we've got a new inning tomorrow.

Have a peaceful night.

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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