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VIDEOFreaky Friday Potpourri: Gratitude
When I opened my eyes this morning, I felt only one thing. Gratitude
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- John F. Kennedy
It’s been a trying few weeks relative to expectations. My relaxing respite morphed into bedside manner, I returned to my turret and traded upside-down, resolved situations remain open-ended and the gravity of today’s date is weighing on my psyche, turning precious sleep into hours of pensive introspection.
When I opened my eyes this morning, I felt only one thing. Gratitude. It arrived unexpectedly, like an old friend standing at your front door hat in hand. It’s easy to forget and important to remember, now more than ever and today more than most.
September 11th means something to each of us; we all know where we were and we all have our demons. I posed a seemingly innocuous question on yesterdays Buzz to nobody in particular, a stream of consciousness if you will, when I asked, “When will tomorrow cease being a dark, depressing day and become a celebration of life?”
Upon reflection, it’s a process, not a point, and I’m using today as a step in the right direction. Not to forget—we can never forget—but to remember, and to honor, and to learn and grow and better myself. If I perished that day, I would want my friends and family to channel my spirit, love and energy, live each day to it’s fullest and leave it all on the field.
We often say it should never take something bad to make you realize you’ve got it good.
Let this day serve as a healthy perspective that we’ve all got a lot to be thankful for.
Of Ticks and Flicks
- My bent is bearish and it's been wrong—or early, depending if I'm still there when the grizzly growls. I'm using NDX 1675, drawn with a crayon—which will keep me furry (not furrie!) under NDX 1700ish. The tape feels stronger than a mule's breath but setting stops removes emotion.
- I’m always a little early, as evidenced by the S&P 1000 call in February (remember how far-fetched that felt?).
- And sometimes I’m a lot early, such as when I warned of debt, derivatives, the dollar, the housing bubble and Fannie Mae (FNM) in 2003. Man, if I gained hair and lost weight since then, rather than the other way around, I’d be one happy camper.
- Trading, in its simplest form, is the attempt to capture the disconnect between perception and reality. We used to do that through four primary metrics—fundies, technicals, psychology and structural—but that all changed two years ago, almost to the day.
- "We may have seen a rare 'double non-confirmation' which have, in the past, 'tended to signal the top.' I've only seen this occur three times before in the last 60 years." Richard Russell, as channeled through Professor Cooper's awesome morning missive.
- Trading is like a diet. You can trip but you mustn't fall.
- I don’t know about you but I, for one, am extremely psyched it’s football season.
- If Richard Seymour doesn't want to collect his $3.685 million paycheck this year, I'll gladly swap seasons with him. I sure hope he can type.
- Hey Mr. Harrison--speak for yourself!
And, Some Answers I Really Wanna Know…
- When I listen to Timmy Geithner on the hill, why can't I shake this song from my head?
- Where are we in the Igor recovery?
- Remember when folks thought lower crude would be good for equities?
- Are we seeing a similar dynamic with regard to deleveraging?
- While debt destruction is the only true medicine for what ails us, doesn't that need to be a bitter pill?
- What's the first thing that pops into your crowded keppe when I point to the potentially negative dandruff in the BKX (which would confirm only upon a break of BKX 43.25)?
- What was your first thought?
- If the best trades are the toughest fades, is a serious swoon looming?
- Is it 'out there' to wonder why they halted high frequency trading after the massive spike higher in stocks?
- Does anyone else want to "hit" my 4 (over/under Raider wins) with the proceeds of the bet going to the Ruby Peck Foundation for Children's Education?
- Are we there yet?
- Good luck Minyans and remember to be good to others and better to yourself. Have a healthy, safe, pigskin-soaked weekend.
R.P.
B.M.
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.
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