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Random Thoughts: Big Ben Chimes At One

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The reaction to this news will be more important than the news itself after the Fed...

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  • Coops DeVille is warming up to the tape. He scribes vibe daily, offering set-ups and ideas, and he's a sharp cookie. Minyans with an interest are encouraged to take a gratis two-week look!

  • Pep also seems to be casting a glance to the upside but needs to see his indicators reverse first.

  • The lower opening supports (but is no guarantor) of the rally thesis whereas a gap higher woulda been problematic for the Matador Crowd.

  • S&P 1405 is a level. S&P 1380 is the level.

  • I'm a man and I have cats. There, I said it.

  • The New York Post is reporting that Microsoft (MSFT) is debating whether to publicly bid for Yahoo (YHOO). For what it's worth and so it's said, I believe this deal happens this year.

  • I miss Maui a lot more than I thought it would. I wonder if we could relocate MVHQ to Paia? Something tells me Minyan Duke wouldn't mind!

  • The most bullish thing on my screen? The retail therapy (reaction to news).

  • The most bearish thing on my screen? Beta, from Baidu (BIDU) to Google (GOOG) to Apple (AAPL)and breadth, which is 2:1 negative.

  • The tie-breaker will be the (drum roll please) action in the financials. They're trying to catch a bid but man oh Manischewitz, it's begrudging.

  • If you were a bid, you'd be grudging too!

  • Big Ben chimes at 1:00 EST. The reaction to his news will be more important than the news itself. Remember, the credit card--his credibility, faith in the system, the collective psychology--is the single most important metric.

  • I put a dollar in, I got a car. I put a dollar in, I got a car. I put a dollar in, I got a car. I put a dollar in, I got a car.

  • Answers I Really Wanna Know...


    • Is Hoofy gonna Stomp the Yard?

    • Why do I continue to play the homies from the long side for a bounce? Ya think that's some sorta allergy or something?

    • Isn't it interesting that Merrill (MER) and Citi (C) aren't higher on the fresh cash infusion chatter?

    • Perhaps investors are starting to look at the "why" rather than the "what'?

    • Was it silly for me to nibble on some Yahoo (YHOO) calls given the nosty looking dandruff?

    • Or is it alright above $23 (the neck line of the head and shoulders)?

    • Does anyone else miss John Candy, Chris Farley or John Belushi?

    • Flashdance or Footloose?

    • Is it possible that we've been quoting the wrong Bonnie Tyler song for all these years?


R.P.

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