Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Buzz and Banter



Kevin makes some great points.

In a game of conveying field position, it is essential to define your time frame BEFORE you present a thesis. For example, Toddo referred to a piece I wrote yesterday for the site as offering an alternative view on the market.

Right now, some are focused on the negative framework because it is in front of your face. If I were talking to a pure trader, I would suggest what some near-term opinions on the site have conveyed - possible downside. My job as a Market Strategist isn't to focus on the pure trade because (a) I stink at it, (b) it isn't my job or client base. I view my job (and I hope the boss agrees) as to determine the best way to react to the most probable trading move. In other words, should one be negative because a possible drop, resulting from the breakdown in the range, is coming - or become increasingly optimistic as a potential drop happens?

So in the current environment, if I were writing for very near-term oriented folk...I would be Boo. If I were focused on the intermediate-term type (which is my job) I would be Hoofy. When you are listening to someone on TV, reading them in the super suave Mike Santoli Trader column in Barrons or talking to them on the phone - ASK THEM WHAT THEIR TIME FRAME IS, because it has a HUGE implication for what their view could be.

< Previous
  • 1
Next >
Anyone else please feel free to jump in!
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.
Featured Videos