- There's a gap in the BKX sitting below at 734 (works to 724).
- The dollar is a starting to slip -- watch this. It's my sense that this gauge will be the single best tell of our overall health in the days, months and years ahead.
- Why is it that we're always too short (long) when the tape rallies (fails) and never short (long) enough when the tape fails (rallies)?
- I shared my conspiracy theories with Mr. Joisy last night and I think I freaked him out a little.
- What is it about the AFLAC commercials that make me crave Shun Lee?
- Despite the flat NYSE breadth, downvolume is trumping upvolume 2:1
- A great quote from my uncle Sidney: "The only problem with doing nothing all day is that you never know when you're finished."
- Fokker is really hung over and he's slower than usual today. If he was moving any slower, he'd be going in reverse. Hey kid -- this is the big leagues and we play in pain!
- There's chatter on the street that Rummy is eyeing Syria next.
- Zero percent financing will come back to haunt the autos in a huge way.
- Can you imagine how psyched the first people to discover toilet paper were?
- I can guarantee my fellow Minyans one thing: There will be a point in the future when the stochastics are twisting along the bottom (bullish), the market is oversold (relatively) and nobody's gonna wanna buy 'em.
- If (big if) the NDX cracks 1020, we'll have our first "lower bottom" after four lower tops. The corresponding level in the S&P is 845. As it stands, however both are clinging to "higher lows."
- Bonnie Bernstein should have known better and I don't blame Roy Williams for verbally smacking her.
- Did anybody see Godzilla's grand slam Tuesday night? That was awesome!
- Brian Reynolds penned some important thoughts on Ford and GM yesterday. Worth a gander, Goose.
- The trick is to sell (buy) enough to honor thy discipline and keep enough to honor thy thesis.
- Watch the sneaky SOX.
- My bear leg? Function of time or function of price.
- I'm not involved in MO... too many moving parts.
- XBD (brokers) 200-day is 398. BKX (banks) 200-day is 744.
- The Internet was (ironically) the most deflationary instrument ever invented as it removes pricing power from virtually every segment of the economy.
- My niece and nephew are at that age where I can spoil 'em silly -- and I do. Am I bribing them for affection? Who cares... it feels awesome!
- I am hearing (can't confirm) that more of those S&P collars are being put on. That creates futures for sale and may have something to do with the lethargy in the marketplace.
- I had a spirited conversation last night with a large real estate player who tried to convince me that retail space in Manhattan is the place to be. I don't think he enjoyed my (humble) point of view.
- Pop Quiz: What high school did Jim Brown attend and what sport (other than football) did he excel in? First correct answer to firstname.lastname@example.org receives a free Minyanville Tee!
- After earnings season, I'm gonna let Calgon take me away.
- When's the last time you had a massage?
- Are there any Minyans in Jackson Hole, Wyoming or in Montana or in Telluride, Colorado? If so, please ping me -- I gots to talk to ya.
- Other than manicuring some risk and rolling some exposure, I haven't overtraded today.
- Sock Statue!
- My girlfriend from college -- circa 1989 -- emailed me yesterday after hearing of Minyanville in her gym in Boca. She opened the site, saw Boo and the cookies and asked me if it was a hang out for burned-out traders! I told her we welcome all types to our humble little town, so long as they've got positive energy.
- Daisy got propositioned in the Four Seasons last night and Hoofy almost got thrown out defending her honor! She doesn't look like... that... does she?
- Does it concern anybody else that there's not ONE republican guardsman in the entire city of Baghdad?
- Futures up 100 from here. Futures down 100 from here. Factor both potential scenarios into your risk profile, assign a probability to each and allow for a margin of error.
- I would have liked to see Emmit end his career in Silver and Black.
- Where the hell is Beeks?
- The very fact that there are so many optimists regarding the future of the economy (market) is inherently bearish.
- Watch the dollar here -- slip city.
- NAZZ breadth is now 3:2 negative
- Hey Fokker! Relax over there. I have seen this much ball-handling since the Celtics played the Knicks!
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 email@example.com.
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