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Random Thoughts


It's amazing what a community that cares can do to support those without means.

  • The world's first animated financial show is admittedly rough but it puts the Minyanville stake in the ground. It also paves the way for (much) bigger and better things in the city of critters, which has been a long time coming. Stay tuned…we're just getting started.

  • If S&P 1450, BKX 113.50 and GS $210 are the toggles in our technical midst, could we get any closer to a collective inflection?

  • Keep an eye on the all-important financials as we edge over the Tuesday hump. Bear is leading the downside (-1.5%), which I suppose is apropos, while the other piggies, including Aunt Fannie (-1%), are pretty in pink.

  • I won't mention our tri-fecta level tells again (I hate redundancy) but I will note that breadth has moderated (3:2) and the homies are danglin' anew. And given the VXO (-1%) is eyeing 11, I would offer that there isn't much room for error as we turn the corner into earnings season.

  • If deflation is the only real threat to gold, isn't it the best relative bet on the board?

  • Looking for an energy wish list with actionable ideas? Professor Ryan Krueger just teed up some winners for ye faithful.

  • For what it's worth, I think last night's 24 could have been the best ever. And I've seen a lot of 24.

  • Over on MVTV--the human side of the equation-- Steve Galbraith talks about the potential for a busted private equity deal to be the catalyst for downside. I don't know if Dow Chemical is "it" but A) at $50 bln+ and B) given the likelihood that the US government will balk at the notion of a consortium of Middle East investors to take down this deal, it's worthy of a push onto our forward looking radar.

  • Earnings season, already? I'm anxious to see whether the higher input costs will compress margins or whether corporate will try to pass them through to an already strapped consumer. Neither seem particularly positive to me but as long as the dollar drifts lower--and as long as private equity and hedge funds tap fresh pockets of capital--the musical chairs can potentially continue.

  • For all you "geopolitical angst" proxy watchers, note that Boots & Coots (-6%) is getting booted with cooties. I'm still involved, so you know, but I wanted to make sure you saw it as it edges towards my purchase price.

  • Am I gonna think of Bonnie Tyler every Tuesday for the rest of my life?

  • I scooped up some extra gamma (index puts) this morning on the push into S&P 1450, with the lion's share of those held for sale (hedging) should we break on through to the other side.

  • Mucho thanks to the many Minyans who so generously support the Ruby Peck Foundation for Children's Education. It's amazing what a community that cares can do to support those without means.


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position in spx, wel, financials, fnm

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

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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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