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Sleepless in Shrubbsville

By

Congrats Andy and Laurie!

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Baby you can drive my car
Yes you're gonna be a star
Baby you can drive my car
And baby I love you

(The Beatles)

We interrupt this morning's trading to announce the arrival of a beautiful new smile to the world! My good friend and Wall Street legend Andy Srebnik officially joined the ranks of daddyhood! While most of us were fast asleep, his wife Laurie gave birth to Amanda Rose Srebnik, a six pound thirteen ounce bundle of joy. Amanda now has the delightful distinction of being the world's youngest Minyan! Wasabi Shrubs!

Other than that earth shattering news, it's particularly quiet in the city of critters this morning. Research is light and aside from Solly's boot of ALA and ERICY and Weisel's downgrade of EMC, there's not much to report there. Shockingly, the focus is once again centered on the geopolitical front. CNN has reported hat Iraqi troops have begun to mobilize, North Korea has restarted some nuclear power plants, crude is trading at a twelve year high and the dollar continues to slip as a function of the world events. Hey--let's go to the gas station. Double whammy!

It really is that quiet right now--almost too quiet. I will ask you the following question and be honest with yourself. When the futures just ticked up a point, what emotion went through your mind? Was it a fear of missing? We're you concerned that maybe the market might rally without you? That's ok if it was--the difference between thinking something and acting on it is all the difference in the world. I'm not saying you should or shouldn't play (that's for you to decide). I'm only asking you to think lucidly about why you want to commit capital (either way).

I'm gonna jump and focus on the durable goods number (exp. 1.0%, less trannie .9%) and jobless claims (exp. 390K). Yes, folks, despite what's going on in the world, economics do, in fact, matter.

I'll be back.
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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