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Random Thoughts Jr.

By

Damn Yankees!

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  • The S&P futes dipped pretty hard as the bonds closed. I haven't heard of alligators in our midst but if they were out there (out of bonds, into stocks)--and got cleaned up at 3pm--it would help explain some of today's trippy action.

  • I've gotten a lot of questions on the semiconductor space today. I haven't heard anything particular (I don't think Applied Materials (AMAT:NASD) is the cause) but after the flow we've seen the last few days (put buyers galore), my sense is that there's some serious squeezage going on.

  • That was a helluva catch by Ah-nold.

  • There's a lot of cross-currents underneath today's tide. Bonds, semis, Fannie Mae (FNM:NYSE), crude (getting hammered), gold (ripping), expiration. Wish bone city.

  • I will be appearing on CNBC Squawk Box tomorrow morning with my friend Rick Schottenfeld. Remember, the camera adds ten pounds...and I hear they're using three cameras!

  • As a reminder, Minyanville is an educational community and NOT financial advice. We share our thoughts with hopes that they add to yours but, at the end of the day, the responsibility of financial decisions is yours alone.

  • The N's over S's continues.

  • Watch the 50-day moving averages as we tickle towards the close.

  • Fare ye well.
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