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Random Thoughts


Keep that in mind when the ticks start to flicker quicker once Boom Boom comes to pass.

  • Musical Minyanfest! The cast and crew at MVHQ will Band Together to cut a rug tomorrow night at The Knitting Factory. Tickets are $20 a pop with proceeds to benefit the RP sponsored charity Little Kid's Rock. Hey, there's nothing wrong with seeing some friends while helping to provide musical instruments to schools that couldn't otherwise afford them! Come one, come all and let's share some smiles.

  • It coulda been worse...he coulda been on grass!

  • I wasn't a political science major but I would think that it makes sense to properly translate a letter from the leader of a country you're in the midst of a nuclear standoff with.

  • While I remain committed to the long-term prospects of the precious metals, today's FOMC text poses a potential pitfall in the near-term. If Boom Boom wavers on rates--which isn't the strangest thing imaginable--we could very well see some profit taking (particularly as gold tickles a big round number like $700).

  • The weekly Investor's Intelligence survey finds a slight increase in bullish sentiment to 44.3% from 43.9% and a drop in bearish sentiment to 26.8% from 28.6% in the prior week.

  • No stopper, copper? If there was, in fact, smoke in the hedge fund arena, it could be an all-out blaze by now.

  • The two "rules of thumb" for FOMC days? It's a tale of two tapes (with 2:15 being the inflection point) and the first move (post-announcement) is typically the false move.

  • "General Motors (GM) stock is very hard to borrow mostly due to the dividend ex-today. It most likely will be difficult until the day of record 5/12. This is partly the reason for the strength in the stock. We don't know the other part." John Succo on today's Buzz

  • It's nice to see Spider practicing for tomorrow night's rug cut. He's a good man--and quite the dancer!

  • If sector rotation is the finder of lost profits, how long before money revisits the once buff healthcare complex. I mean, Jeez Louise, UNH is off 28% this year!

  • Speaking of a bi-polar stroller, the homies are probing '06 lows while the stochastics twist in an oversold fashion.

  • Where will my eyes be post-FOMC? The dollar, the metals, fixed income and, in the equity space, breadth, the financials and the semis.

  • We've had several critter sightings overseas. If you brand your allegiance to Hoofy, Boo or the rest of the crew, visit Main Street and get involved! The little ones greatly appreciate your patronage!

  • Textbook technical analysis dictates a retest of the acne level. In the case of the S&P, that would be the 1315 zone. Keep that in mind when the ticks start to flicker quicker once Boom Boom comes to pass.

  • Keep your eye on Stornoway Diamond (SWY on the Toronto exchange). Jeff Saut put it on my radar and it seems to be in the right space.

  • Philadelphia , it's worth fifty bucks.

  • The dollar has broken the September low (DXY 86) but remains well above multi-year lows (from last year) near DXY 80ish. In fact, I've heard a coupla talented technicians opine that the greenback is putting in some reverse dandruff. Is that possible? Sure is, if it unfolds, the metal arena will likely shoulder some additional supply.

  • R.P.
Position in metal equities, financials

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

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