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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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Position in YHOO

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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