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Freaky Friday Potpourri: Six in the City!

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Classic game of hoops at the Garden paves the way into the weekend

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They say timing is everything. After a strenuous stretch of incessant work, there couldn't possibly have been a better time to catch a classic at the world's most famous arena.



After I had tickets only to see them fall through, I got the call 30 minutes before tip-off. Third row, courtside, the twentieth-ranked Syracuse Orange against UCONN, the fourth-best team in the country, in an epic Big East battle. My school, my city, my goodness - game on.

The numbers were staggering. Six overtimes, 3 hours, 46 minutes and a combined 244 points (102 of which came after regulation) in a game where Syracuse never led in overtime prior to the sixth extra period. Eight players fouled out, 6 scored double-doubles and the Orange hit 23 of 26 from the stripe in overtime (40 of 51 overall).

Some have already said that it was the greatest college hoops game ever played.
For me, it was a welcome reminder that the purpose of the journey is the journey itself.

"Shaking in the desert, wherefore do you cry? Here there may be rattlesnakes, to punch you in the eye."
-
Grateful Dead

We subtly segue this morning's missive toward a dose of reality. Truthfulness. Full disclosure, if you will.

I posted the following on the Buzz & Banter yesterday at 3:00 p.m.:

Missed It By THAT Much!

And so it is, the mere anticipation of a shift in mark-to-market accounting -- coupled with a massively oversold market -- has put some serious pep in Hoofy's step. This catalyst has been circled on our screen for some time, yet we're left with very much the same dynamic: An anticipation of a seismic shift from the Beltway as a "kick-save" from the cumulative imbalances.

We're nothing if not honest in the 'Ville and I would be remiss if I didn't share that I missed today's move in it's entirety. Yes, it's frustrating given 1) I was lugging alotta exposure into Tuesday and 2) I was "out there" yesterday (and this morning) offering near-term upside vibes. If I write about opportunity cost being the other side of discipline, however, I must practice what I preach.

To be fair, my reticence to toss chips on the table today had nothing to do with operational procedure. I was simply too busy scribing vibe and working on Minyan initiatives to give risk its proper respect. If I've learned anything through the years, it's the basic assumption that the party on the other side of my trade is 100% focused and anything less on my part puts me at a natural disadvantage.

I've made a conscious decision not to attempt to make up for missed opportunities with an hour left in the session. I'm gonna let the tape play through with the understanding 1) tapes that are strong (heavy) all day with 2:1 internals tend to end that way and 2) S&P 800 looms large overhead. I know one thing - the market will be open tomorrow, fresh with opportunities when and if I'm properly focused.

Fare ye well into the bell, Minyans, and remember to leave emotions for weddings and funerals.

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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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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