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Random Thoughts


One, cut a hole in the box. Two, stick the Fed in a box. Three, then you open the box, and this is how you do it...

  • The most bullish thing on my screen? The green piggies*

  • Why the "*"? BKX 118 and XBD 260, which is resistance until further equity enemas emanate.

  • Want another, relatively tight clue? CRB 310. If the rising tide lifts all asset class boats (and vice versa), this is a technical toggle worthy of a mention.

  • Is this straight out of Goodfellas---what's amatta with these people?!?!?

  • Which begs the question---is gold signaling a hawkish Fed?

  • I can almost hear Justin Timberlake clearing his throat! One, cut a hole in the box. Two, stick the Fed in a box. Three, then you open the box, and this is how you do it...

  • How do you not give mad props to Steve Nash?

  • Today's trade is a tale of three tapes. Pre-FOMC, post-FOMC and the 85 degree weather outside in Gotham. Unfortunately, I'm long the first two and short the tail.

  • Limits on your orders at 2:15 EST, please, to avoid any unpleasant surprises.

  • So, the Kid is down 6%? There was a time when a Cisco dip woulda melted the tape (and rest assured, if we close in Red Dye, that'll be the fingered culprit) but the tape opened flat (with NYSE breadth sorta even) and that, in and of itself, forbode a Snapper attempt.

  • This sorta sums up the scenario in Matador City these days!

  • I remember 1999 like it was yesterday, which is interesting because I forget alotta things nano-seconds after I see them. But why do I bring this up? Because the rumortrage and innuendo bids influencing stocks--not to mention manic stock jockeys doing the same--is reminiscent of that juncture in the market.

  • What I'm not smart enough to know is which inning we're in. Is this JDSU 200, 400, 600, 800, 1000 or 1200? That's why I'm being patient and disciplined and opportunistic while everyone else is racing to keep up with the Dow Joneses. That's short-term frustrating but long-term intelligence, at least from where I sit.

  • "Although hurricane season doesn't begin until June 1st, we have our first named tropical storm of the season just off the coast of South Carolina. Is this a sign of things to come? Me thinks so...and although we are still in the shoulder months, natural gas will be much higher by September." Professor Adam Michael on today's Buzz.

  • I mentioned JDSU earlier as one of the many examples of euphoria that kept going and going and going. I clearly remember the sentiment during each leg of that lift as all-too-familiar pundits banged the drum to get on board. With each push higher, their credibility seemingly gained credence. And then, one day, we woke up and poof---it was all over.

  • I don't know when that moment arrives---most everyone believes that S&P 1550 is a magnet in the midst and perception often dictates reality. Still, as Kevin Spacey so eloquently said, "you have no idea what I'm talking about, I'm sure, but don't worry. You will someday."


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