Answers I Really Wanna Know: Is the Devil We Know Preferred to the Devil We Don't?
Is that light at the end of a tunnel an oncoming train?
- What was wrong with cured meat in the first place?
- If the S&P is 5% from an all-time high, commodities (CRB) are six percent off the August low, gold is at a 27-year high, crude is at a record high and the commercial paper market is (cough) easing, why do we need a rate cut?
- Is that light at the end of a tunnel an oncoming train?
- Why does my family insist on being the very first people to walk in the temple doors each year?
- I mean, isn't that why we bought tickets?
- Where's Alan Greenspan when we need him most?
- Y'all see the dollar breaking long-term support?
- Has anyone in the administration, Federal Reserve or Treasury publicly addressed the caveats of a lower greenback?
- Or is the devil we know (inflation) preferred to the devil we don't (deflation)?
- Why not both-with the former storm in things we need and the latter matter in things we want?
- If we toss in the specter of higher unemployment, isn't that the textbook definition of stagflation?
- By the time the economic numbers validate that (or any) condition, won't the market, as a forward looking discounting mechanism, already have priced it in?
- Do they serve cuddle fish in pairs?
- Do you have to eat them with a spoon?
- Did you see that Barclays had to inject $1.5 billion into Golden Key to bail out another ABCP vehicle (their third such rescue operation in as many weeks)?
- Is that dude in the commercial still sitting calmly at his desk playing with the hula-hoop doll?
- Did you know that the credit rating agencies have been called to
Washington for a special meeting today?
- Do you think they have that same 'pit in the stomach feeling' that we used to get as a kid called into the principal's office?
- Or is it more like the moment you realize the flashing lights in the rear-view are meant for you?
- What's worse than losing to Yale?
- "Sell hope" or "the reaction to news is more important than the news itself?"
- Speaking of which, will you been watching Texas Instruments (TXN), which traded off a deuce following their mid-quarter update last night, as a semi tell today?
- Y'all see today's episode of Hoofy and Boo's News & Views?
- Didn't Countrywide take "decisive steps on funding needs" a few weeks ago?
- So why did it need to say it again yesterday?
- Wasn't it Lawrence Jamieson who said that to cheat is French but to get caught is American?
- Are you watching pennant formation in the S&P?
- Don't pennants tend to "resolve" the direction of the preceding trend?
- With all the chatter about what a "disaster" the credit markets are, is anyone else surprised that the TLT (i-Shares Lehman 20+YR Treasury) is up over 6% compared to the 4% gain in the S&P?
- How much of yesterday's lethargic action in Goldman was "telling" vs. the rest of the tape playing upside ketchup from the day before?
- Pearls? With corduroy? Are you mad?
- When are we putting him in, Coach?
- Consistent with my desire to leg (out of October S&P puts) into year-end paper, did you see that I bought a (very) small schnitzel of the latter into yesterday's lift?
- As I'll be out-of-pocket and away from the 'Ville until next Wednesday, can I take a moment to wish ye faithful well and-for those observing-a very sweet new year?
- Isn't there a law about choking your chicken in public?
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 firstname.lastname@example.org.
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