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Minyan Mailbag



Note: Our goal in Minyanville is to remove intimidation from the financial markets and encourage an interactive dialogue among the Minyanship. We share this next discussion with that very intent.


As if this month wasn't long enough, I have my Sox playing your Hated Ones tonight. While I hurl at the thought of your pinstripes, though I do treasure the Thurman Munson autograph I got from him the week before he died, I value your opinion:

Didn't the Fed say that they don't try to control the stock market once upon a time? It seems to me that is just one of many things they are trying to control right now. All this almost wants me to call a realtor here in Santa Monica, buy a house with an interest only mortgage, buy an SUV with 0% interest, get $5000 cash back, use that to buy a plasma TV and just simply join the herd. As fiscally irresponsible as that sounds those that have done that have hit the jackpot.

Can Elmer really save the day?

Minyan Brendon

Minyan Brendon,

Thurman was far and away my all-time favorite Yankee and was the reason I played catcher way back when. It still irks me that he never qualified for the Hall but I suppose he fell a few seasons short. It just goes to show you that you can be on top of the world--or behind the plate--one day and gone the next. That's why it's so important to work to live (not live to work) and make every day count. Tomorrow is promised to nobody.

Speaking of tomorrows, I can't tell you when it'll finally arrive for Elmer and his magic trick, but be careful not to confuse liquidity with Kool-Aid. The lessons of the bubble have largely been forgotten but the hand over fist chasing made a lotta people feel silly (and sad) after the fact. We know the structural metric that is in play (Carrie and her friends) but we must also remain proactive in assessing potential potholes. The leveraged debt in this country is spooky and as my grandfather Ruby used to say "what goes around, comes around"

Thanks much,



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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