By Todd Harrison Sep 15, 2003 12:10 pm
The only thing that should be topless is the market!
- The ability not to trade is often as important as one's trading ability. Wait until your ducks line up and take high percentage swings. If you don't hear the quack count and choose to sit on your hands (and miss a move)? Don't beat yourself up...opportunities are made up easier than losses.
- From my perch, I thought Oscar De La Hoya clearly beat Shane Mosley and the decision was the most egregious black eye to boxing since the first Lewis/Holyfield bout. Why? Oscar is a huge draw and would have likely retired if he won--something boxing doesn't want to see.
- The entire investment world is trying to decipher if the recent action is a simple pause that refreshes or some paws that soon messes. I am clearly in the latter camp but understand that the only true determinant of price action is supply/demand. With the agendas in place by both Elmer and Dubya, it's hard to ascertain when perception shifts back to reality.
- I've been wrong before, but something tells me that the job market is going to get worse (not better).
- The Eagles and Raiders are probably the biggest disappointments of this young football season. The Bills are probably the biggest upside surprise.
- Will the Washington Mutual (WM:NYSE) and National City (NCC:NYSE) preannouncements be an aberration or a precursor?
- Does anybody really expect Elmer to rock the boat tomorrow?
- Perspective is everything. If you're having a hard time making sense of the daily action (which is often random), pull your time frame out a week, a month, a year or longer in an effort to detect a discernable pattern. If you do this, please make sure that your risk profile mimics your time horizon.
- The white part of your fingernail is called the lunula.
- There is a reason that turnover among traders is so high. This business is uber-stressful.
- The retailers and home builders have the driest eyes in the house. The Red SOX are slippy (hey, it's almost October!).
- Europe is clinging onto marginal gains.
- The sun is about 330,000 times the mass of the earth.
- The daily breadth has yet to offer a directive and our levels are hovering (no clear signal). That's a recipe to do a little less.
- Life is a series of continual crossroads. If you're not satisfied with where you're at, hang a louie and see what happens.
- Contrary to the vicious rumors, Daisy will NOT appear topless in the animated Minyanville trailer. This is a family oriented community!
- BKX 850-900 could be the most important range in the market. Whichever way it breaks (without a head fake) will let us know which way the next leg will run.
- This looming hurricane is no joke. It may, however, provide fresh excuses if (when) the economy starts to sputter down the road.
- Nobody can tell you what to do with your investment decisions. It's entirely alright to respect outside opinions but the responsibility of your choices rests squarely on your own shoulders.
- When is 50 Cent gonna sing a national anthem?
- In-and-Out burgers are, without a doubt, the most under-utilized franchise in the world. They should be EVERYWHERE!
- Bank of America (BAC:NYSE) is the most volatile money center bank and, as such, the chosen vehicle for many hedge funds. That's why it trades so funky all the time.
- What a long, strange trip it's been.
- Shrebby may need to learn sign language.
- The "stair step" market (higher highs, higher lows) continues and that's a (textbook) bullish pattern. As we said this morning, however, there are plenty of reasons for "it" to happen at any time. Consider the stakes raised and don't bet more than you're willing to lose.
- Some of the wealthiest people I know don't have two dimes to rub together.
No positions in stocks mentioned.
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