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Random Thoughts: Economic Mess Around


Bulls getting bearish, bears getting bullish.


Editor's Note: The following was posted in real time on our premium Buzz & Banter. It's being shared here for the benefit of the Minyanville community. See also Sixteen Candles, Operation Long Side and Wall Street Blame Game.

Answers I Really Wanna Know... - 1:52 pm

  • Are you setting stops to remove emotion?

  • Why is it that my "name and word" is more important than my P&L?

  • Y'all see the grabby greenback (+1%)?

  • With an understanding of what that means for asset classes?

  • Have you ever seen the rain?

  • Along those lines, is this the calm before the storm?

  • Have I effectively communicated that I'm using trailing stops on the Weatherford (WFT) (+13%) and BHP Billiton (BHP) (+12%)?

  • Does anybody else hear the word "chopsticks" and think of the movie Big?

  • Would now be a good time to tell ye faithful that I'll be at an off-site meld this Thursday and next Thursday and Friday?

  • You're watching the continued lethargy in retail, right? Almost as if someone is liquidating longs in Sears (SHLD), Target (TGT) and Wal-Mart (WMT)?

  • Is this hard enough yet?

  • Is it me or does Dave Matthews look like Jeremy Piven?

The Mess Around! - 2:45 pm

No, not this--I'm talking about the wickedly flickering bickering ticks. This is CRAZY, I'll tell ya. With bulls getting bearish, bears turning bullish and Boofy the confused cross-dressing bullbear trying to find his identify. It's enough to make ya NVTS nuts so, without further adieu, a step back and kind vibes:

  • Who would benefit from another stimulus check? The online porn industry, as noted by Pep. Prolly not what the government intended although given what they're doing to taxpayers, one could argue that it's a matter of semantics.

  • Yes, I sold alotta energy this morning and, when it didn't come in with the tape, bought a bunch back with a trailing stop. While I sorta like the "long energy-short SPY" on a pairs, I'm not opposed to unwinding it (or part of it) into the close as Turnaround Tuesday looms.

  • Although, thinking aloud here, does anyone else get the sense that tech will underperform on the next leg lower given the action in Google (GOOG), Research in Motion (RIMM), Apple (AAPL) and Amazon (AMZN)?

  • The VXO jumped 385% from the beginning of August to the recent peak and has since retraced more than half that move as angst abates.

  • Some asked me if the winning presidential candidate needs to spend $375 million as that's what Dubya spent. My response was that $375 million ain't what it used to be, thanks largely to our commander in chief.

  • Be conscious and careful of unforeseen order flow in the last half hour. That isn't a directional warning as much as a call for consciousness.

  • As always, I hope this finds you well.


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