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.

The Stuff of Life

By

Fare ye well!

PrintPRINT



There are only two ways to live your life
One is as though nothing is a miracle.
The other is as though everything is a miracle


(Albert Einstein)


The tug-of-war has been a bore as traders sleep and the critters snore. As it stands, the N's vs. S's Superstar challenge continues as the drekky techs try to clean the deck. Meanwhile, the S-cargo has put on a show and kept the trek from being a wreck. Just think Minyans, just another ten minutes before the flicks stop ticking!

As discussed, the bonds warranted attention as they swooned to close on the daily lows. Still, the financials hung tough and that raises an eyebrow on both sides of the fence. This complex is oh-so-important to the state of the tape and they'll be the key next week. If they rock and roll, the bulls will stroll. If they're the rock that sinks, the tape will stink. It's really that simple.

The action should pick up as Beeks stands tall and Elmer makes the call. We'll also get the earning's sweat from Applied Materials (AMAT:NASD), Deere (DE:NYSE), Maxim (MXIM:NASD), Wal-Mart (WMT:NYSE), Fox Entertainment (FOX:NYSE), News Corp (NWS:NYSE), Brocade (BRCD:NYSE), Analog Devices (ADI:NYSE) and BEA Systems (BEAS:NASD). With traders itchy and the range twitchy, there will be plenty of fingers on the proverbial trigger.

This is shaping up to be the sixth straight losing session for the NDX and I've already begun picking up the "get long in front of Monday" chatter. I'm not a big fan of that game although I agree that field position should always factor into trading decisions.

I will also offer that the GSE noise is getting loud and there's two ways to view that. It's either very smoky (think fire) or it's getting crowded on a trading basis (think pressy). I'm involved in these names (on the short side) and I think you know my thoughts about an eventual unwinding. Please be aware, however, that the agency spreads have tightened and that has bullish connotations.

That's about it as I ready for my Amtrak trek to Baltimore. Please take a minute to read the quote at the top of this column again. I'd love to tell you that I found it on my own but, unfortunately, I did not. It was printed below a picture of my friend Angie on the program for her memorial service last night. As I sat with the other stunned thirty-something year olds and listened to stories of smiles past, I was (once again) reminded of the fragility of life. It should never take something bad to remind you of all the good. Instead, let the good bring out the best in you.

Have a peaceful weekend.

position in fnm, 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 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.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE