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Terrapin Toddo: Turn the Calendar Around

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2007 was a learning experience, as all experiences should be, and one we'll carry forward...

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The storyteller makes no choice
Soon you will not hear his voice
His job is to shed light and not to master

(Robert Hunter)


2007. We held it in our hands and shaped it with perception. In the end, it is what it is and it was what it was. A learning experience, as all experiences should be, and one we'll carry forward as we again ready to turn the calendar around.

As today is "officially" my last session of the year, I'm gonna free associate a bit. Shocker, I know, but we'll call it creative license after a long, hard haul. There's a lot to digest and I've got just the gut to do it. So, without further adieu, I offer random thoughts and streams of consciousness:

What was I watching into yesterday's close?

  • This Paul Krugman video, which is somewhat long but generally interesting. You always wanna see all angles of an argument as friction between opinions creates education.

  • Citigroup (C), which began acting heavy right after I closed out my short. $30 remains the level of lore in that regard. And please pass some corks for my forks.

  • The entire financial arena as I wonder if "as goes the piggies, so goes the poke" will kick in. Remember, the calendar is simply our way of measuring time. It has little effect on the continuum of cumulative pressures.

  • The clock, which began moving backwards in front of my very eyes.

  • My list of year-end to do's, which is amazingly shrinking towards manageable proportions just in the nick of time.

  • S&P 1490, which is a confluence of so many levels that it's almost too obvious to use as a technical toggle.

  • Old pictures of Television's JeffMacke®. Hey, what's with the midget?

  • Baidu (BIDU) $400 and Apple (AAPL) $200 as any migration from those strikes could be telling.

  • The VXO, 'cause it's a troubled teen.

  • Minyanland, as it's long overdue and uber-kewl.

  • YOU, Fokker!


Some Answers I Wanna Know this morning…

  • If we sat closer to our screens, would we be able to hear what the tape has to say?

  • Was that noise I just heard the sound of me officially "checking out" for the year?

  • At what point do we buy big pharma as a safety play in the slowing economy?

  • Why does the obvious trade always last a lot longer than one would expect?

  • As volatility is the opposite of liquidity, should we have seen the vol drop coming when central banks opened the hose?

  • Who stops over in Utah in the middle of winter? Honestly??!?

  • Are you spending the holiday season pining over what you don't have or being thankful for what you do?

  • Given the strength in the tape of late, where would be we if the banks actually found a bid?

  • What's the world record for the amount of Planter's nuts consumed in a 24-hour period?

  • Is it possible to hum the theme song from Emergency and Mission Impossible back-to-back?


Further, more topical musings…

  • Rest in peace, Benazir Bhutto. I've got no particular edge with regard to her policies but nobody should go out like that.

  • Does that "matter" to the tape? It introduces further geopolitical uncertainty to a region that is already on edge so yes, at some level, it does.

  • Hey, you know how we always talk about monolithic movements? That crude, gold and equities, for instance, trade inversely to the dollar? Remember? That whole "asset class deflation vs. dollar devaluation" discussion? It remains very much in play.

  • While Crude $100 "matters," that's more of a drag on the consumer. When crude drops precipitously, equities are entirely more vulnerable to a downside shocker.

  • "One thing I will say, the fire swamp certainly does keep you on your toes." The Dread Pirate Roberts.


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.

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