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Random Thoughts: Economic Mess Around

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Bulls getting bearish, bears getting bullish.

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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.


R.P.

No positions in stocks mentioned.

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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