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The Sad Cafe


Here he comes!


I can't stand this indecision
Married with a lack of vision
Everybody wants to rule the world

(Tears for Fears)

It's uber-quiet in the city of critters. How quiet is it? It's so quiet, you can almost hear Fokker's bonus drop! As traders manicure their risk profile ahead of the Fed, Sammy is doin' his thang with his sideways slither. While the snake takes today's cake, that's sure to change as we rearrange. Why is it that I can't shake the image of Elmer walking a tightrope as the critters watch nervously from below?

While it's slow, I figured I'd sneak a quick post out to ye faithful Minyans. I don't have much to say other than to remind you to practice discipline over conviction. I'm a pretty grizzly bear when it comes to the broader view but the near-term picture has a marble's edge. Should we rally from here? I don't think so. Could we rally from here? Absofrigginlutely. What you need to do is establish parameters in your risk profile and time horizon. That way, if the trading gods smile from above, we'll be in a position to use prices to our advantage.

I've done exactly three trades today. I've nibbled gently on some Goldman puts (GS:NYSE) and Citigroup puts (C:NYSE) while peeling out of a small schnitzel of Deere calls (DE:NYSE). Other than that, I'm in watch mode as I await our bespectacled spectacle. While I expect the volatility to pick up considerably (after 2:15), I don't plan on trading too much unless my price points are triggered. It's very thin and often times, on days like this, the action is somewhat random.

In Minyanville news, the big announcement will be this week and if you know where to look, you'll see the previews have already begun. Suffice to say that this will be the biggest effort yet in our philanthropic vision and, if this goes off the way I think it will, a LOT of kids will benefit. Nobody's ever tied the music, film and finance industries together for purposes of charity but that's about to change. In a big way.

Finally, as we wade through the dead calm, I wanted to toss out a quick trivia question. One of the 70's icons appeared on a famous (albeit odd) television series as a contestant in a frog jumping contest. What show was it...and what was the name of his frog? The first correct answer sent to wins their choice of a kick ass Minyanville t-shirt. Wasabi!

As always, I hope this finds you well.
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position in gs, c, de

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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