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