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Morning Randoms

By

Hit 'em hard today, Minyans!

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  • Please don't squeeze the Charmin!

  • The grabby greenback is trying to mount the 50-day hump at DXY 88.24 (which also coincides with the downtrend line from July). Jitterbugs would be wise to watch Private Benjamin today.

  • Speaking of which, metal equities were en fuego yesterday as the XAU edged to a new '05 high and set her sights on a triple triple (three year triple top).

  • The most popular show in Matador City.

  • Baton Twirling!

  • Whereas Lehman (LEH) was Beek's peek (and our tell) yesterday, the mighty Bear (BSC) should remain on our radar on the heels of this morning's (better than expected) earnings.

  • It's hard not to be reminded of Bill Meehan.

  • The NY Federal Reserve Bank will meet with Wall Street banks today to discuss credit derivative risks. I would personally like to see Professor John Succo moderate those discussions.

  • A summary of what I have been writing about these past four years, only more eloquently (and all in one paper)! -- Professor Laurie McGuirk

  • Delta (DAL) and Northwest (NWAC) bit the belly up bullet yesterday. Just in time for Prudential to punt NWAC from overweight to underweight and lower its target to $0.

  • REDRUM!

  • It's not a pleasant morning for Fifth Third Bancorp (FITB) as the stock has been downgraded by everyone and their mother. FITB is already getting spanked for approximately (6.25%) pre-market and has a 3.26% weighting in the BKX.

  • Professor Brian Reynolds offers his take on the latest spate of corporate bond issuance. Hoofy and Boo would both be well served to read this input from the credit desks.

  • The Altria (MO) call buyers continued to peck away in size yesterday.

  • Iran. Iran so far away. Couldn't get away.

  • I still think that Gene Hackman's best role was in Young Frankenstein. And yes, I mean Gene Hackman.

  • S&P 1225 is both an expiration magnet (into tomorrow morning) and the 50-day moving average.

  • There's no inflation. Seriously. Just ask the BLS.

  • Did everyone see Elmer distance himself from Aunt Fannie (FNM) and Uncle Freddie (FRE) after the close yesterday?

  • Keep an eye on those pesky piggies as they edge back below BKX 98.

  • The Ruby Peck Foundation Katrina relief effort is hummin' and we still need your help (100% of the proceeds raised in September will be distributed directed to those in need). Minyanville is also doing our part as we're sending critter clothes down south. A little effort goes a long way, Minyans, so please help us make a difference.

  • Good luck today.


    R.P.
No positions in stocks mentioned.

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.

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