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Doll Face!

By

Hey Toddo--you must be chilly without your fur!

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Take up your china doll
It's only fractured -
And just a little nervous
From the fall


(The Grateful Dead)

You can almost see the trepidation in the air as we edge through this Friday morning and, with the inability to garner initial jig from the economic numbers, eyebrows are starting to lift. As my good friend and mentor Slaino says (in his Bahstan accent) "The mahket won't go up until the real buyers show up." Right you are, Dave, and thus far, the real buyers are quieter than a mouse fart (eww!).

Some early thoughts: The BKX rallied right to our 725 resistance level and was turned down like a 10 year old in a liquor shop. As the tape fluxed, the macro's came in and offered a chunk of NDA's (Nazz futures) and the tug-o-war had officially begun. The early test was intuitive--now we just gotta figure out if it holds or folds.

I've been juggling more thoughts than usual this morning--and that's saying something--and while I can't shake that melty feeling, I'm not aggressively pressing. I bought some defined risk downsides in the financials on the test of 725 but, as it's unclear, I only bought 25% of my position. That's what I like to call "trading in-between" and I've found it helpful when it's cloudy and unclear.

I've got to hop and dance with the Minx but before I do, I've got to ask a quick favor. Anybody who's ordered ANYTHING from our fantastic little town and has yet to receive it, please ping Greg RN at Fokker@Minyanville.com and let us know. A.J told me he hasn't got his cookies (uh...hint!) and I want to make sure that you're ALL taken care of.

Fare ye well.

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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