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A Face for Radio


Nice make-up dude!


Video killed the radio star
Video killed the radio star
In my mind and in my car
We can't rewind, we've gone to far

(The Buggles)

Alright, I'm gonna put an end to the speculation right here, right now. First of all, it was a lavender tie--so all you pinky fans can just relax. Second, I tried to give Fokker a shout out but I was too busy dodging the bull-ets. Third, ya know, I said "ya know" too much and that's, ya know, my bad habit. Finally, I tried to get Daisy some face time but when she got out of make-up, the segment was over! Typical!

I'm slowly edging back into the mix and wanna take a quick moment to welcome all the new Minyans. I trust that you'll find our humble little town educational, entertaining and enlightening. This isn't an advice site, it's a forum for honest communication and forthright banter. We also hope to make a difference in the lives of children through our philanthropic endeavors. Welcome aboard!

Turning our attention to today's tape, the Minx winked at me as I strapped into my turret by blinking green. Shocker! The tone is fine, thus far, with equity players keeping half an eye fixed on the bond market. While there is considerable debate regarding what, exactly, higher rates portend, one thing is clear--the wild volatility isn't a sign of health. Hoofy wants to see stability so he can find some footing.

The semis continue their squeezy action as the bears were clearly caught on the wrong side of that sector. While squeezage is typically short-term bullish and intermediate-term bearish (as a layer of demand is removed), I'm watching the levels on some of the individual issues. Intel (INTC:NYSE) should migrate around the 25 level (in front of tomorrow's expiry) while Texas Instruments (TXN:NYSE) and Advanced Micro Devices (AMD:NYSE) flirt with technical breakouts.

My strategy remains the same as I've got a smattering of short exposure in the S&P (financials) and some upside call rentals in tech (semis). My near-term posture is being dictated by our levels (Boo wants to see the S&P stay under the G-spot) and my longer -term paper is tucked away for a rainy day. I would like to remind ye faithful Minyans that this morning's bearish rant wasn't a trading call, it was a big picture thesis.

Along those lines, and leaving the guts and bolts out of the equation, I will ask a simple question. We've just emerged from the largest financial bubble in the history of the world. Is it realistic to think we've digested that excess in three short years? Don't answer--just think about it. I'll never project my view unto you, I'd rather plant a seed and letcha sow.

Finally, huge snaps to Casey and the team (yes, even you Fokker) on the FANTASTIC Critters Choice Awards site. If you haven't checked it out yet, please do so at your convenience. Make sure you view the trailer with sound for full effect. I think this is gonna blossom into something pretty special and alotta kids are gonna wear smiles. Anyway you slice it, that's a winning trade!

As always, I hope this finds you well.

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