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Random Thoughts

By

Silk Milk, Mr. Shobin!

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  • Squawk Box!

  • I spent a good hour talking to the uber-savvy Tom DeMark this morning (and I never spend an hour doing anything) and we're chewing through the particulars of his potential attendance at Minyans in the Mountains. It's not confirmed yet-he's trying to unwind a scheduling conflict-but we should know soon if he's gonna gaggle at our fest. While I had his captive attention, I asked for his vibes on the tape. "The S&P has 12 points upside with "massive downside", he offered, "this is really a critical juncture for the market." Old school Minyans might remember that he's proved quite prescient in the past and while no approach is fail safe, I wanted to share his vibes with ye faithful.

  • Pass the Herb! Senor Greenberg talks Netflix (NFLX), Blockbuster (BBI), Philly Consolidated (PHLY) and Hansen Natural (HANS) and, of course, Minyans in the Mountains (MIM2).

  • Speaking of which...

  • Please keep BKX 100 on your radar as the piggies are the nearest tell in the trading swell.

  • There's a case of PBR nestled somewhere in Paul Kasriel's missive.

  • In the interest of full disclosure, I'm told that the offerings are starting to lift for MiM2 (read: limited supply). If you're intending to join us near the foothills of Santa Barbara, you may wanna lock and load.

  • And we gotta save a spot for Keira...

  • Don't we need three bears if Goldilocks is gonna rock?

  • If my boat is a rockin', don't come knockin'...

  • And just like that, Steve Shobin strolls into the hallowed halls. Noice!

  • Raaaaid! Vibes from Morgan economist Stephen Roach.

  • "Mr. Roach sounds much more optimistic about a soft landing concerning the world's trade imbalances than he has in the past. Apparently he did not previously anticipate China's move to make their currency a little more flexible, although mostly what they did is solidify the power of all Asian currencies with their own as the pivot. All of a sudden his predicition of financial problems caused by $700 billion chronic trade deficits in the U.S. have morphed into "I am not yet convinced that the overall level of real U.S. interest rates is likely to rise enough to spark a more disruptive strain of global rebalancing". Mr. Roach capitulated on his negative stance on U.S. bonds about a month ago. Now he has decided that all of his worries in the past about the process of rebalancing causing financial consternation were folly. He may be right. But I don't think so. A soft landing in trying to correct these imbalances still is a very small probability in my mind." -- John Succo on today's Buzz

  • The Russell rebalancing.

  • Blimely!

  • Hey Boo, food for thought as you court Winnie...

  • China vibes from the FT.

  • Run, Forrest, Run!

  • Donkeys of the world unite!

  • Perspective check!



    R.P.
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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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