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For What it's Worth


Come on, Toddo, if you're gonna be a bear--BE A GRIZZLY!


Stocks open a touch firmer and Hump Day in Minyanville is officially underway. The tape remains coiled, the banks act (relatively) o.k, breadth is marginally positive and gold just got waxed (hard!). It's uber-early, Minyans, so please don't read too much into the first half hour--it's noisier than usual!

While the banks and semis both stick out on the buy side, I'm admittedly suspect of a 'straight up' day. Elmer takes the hill soon, Franz Blix's U.N chit chat is on Friday (and will likely overhang the market) and, well, a ton of unknowns remain in our midst. As it stands, my early inclination is to fade rallies and patiently wait for some whooshage as an entry on the buy side.

Too scripted? Perhaps...and I know enough to know that it's hard to know, with certainty, what's going to unfold today. I can tell you this--New York City is on edge and there's a collective trepidation ahead of the weekend. If that's any indication of the prevalent mindset, stocks will be hard pressed to significantly lift ahead of the looming three-day respite.

As always, just one trader's (humble) opinion.

Good luck!

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

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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