Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Randoms: A Mile-High Club You Don't Want to Join


Society is simply a sum of our parts.

It's Turnaround Tuesday in the 'Ville and my intention is to do just that. I once read that our daily energy is scripted the moment we awake; think positive, and good things will evolve. Be a Debbie Downer, and negativity surrounds you like water poured in a glass of marbles.

I opened my eyes this morning to find my newest critter sneezing, coughing and suffering from an upper respiratory infection (that is evidently contagious). From there, I dragged my bones to the gym only to be blown off by my trainer. My coffee? Yep, spilled on my white shirt as I made my way to MVHQ.

So what am I gonna do about it all? Nothing; I'll let it flow, like water off a duck's back.

Here's what I'm vibing when I'm not Peking:

  • The latest missives by Professor Peter Atwater (former treasurer of Bank One and CEO of Financial Insyghts, LLC) -- The Global Debt Crisis in Nine Slides -- and David Stockman (former Director of the Office of Management and Budget during the Reagan administration)-How Politics Caused Financial Disaster-are mission consistent with our efforts to effect positive change through financial understanding.

  • The denial-migration-panic continuum continues to resonate in my crowded keppe. We can use this to our advantage. We simply have to stay one step ahead of the curve and define our risk before we step on to the playing field.

  • To that end, the stair-step we mapped last week remains in play, in reverse (past support is future resistance) and allowing for moving averages to, uh, move. I've been trading around a short side bias (selling blips to buy dips, in that order) and will use the other side of S&P 1120 as my near-term risk definition.

  • How many digital media companies make their cake by effectively copy and pasting other people's content? And will that come to an end as content creators pull a Roberto Duran and stand their ground?

  • Hey NYC Minyans-have you locked your spots for Restaurant Week yet?

  • We knew tax hikes were coming, be them income taxes, sugar taxes or trading taxes. Given the out-sized deficits, nobody should be surprised; nor should anyone be shocked when the next one comes down the pipe.

  • Ron Coby & Denny Lamson have put on an oil play and two gold plays in their excellent Grail ETF & Equity Investor newsletter on Minyanville this morning. Click here to learn more or take a 2 week FREE trial to access immediately.

  • Phil? Phil Connors? BING!

  • Today's tells include Amazon (AMZN) and Apple (AAPL) as four-letter freaks, Goldman Sachs (GS) and Bank America (BAC) in the financial realm, market internals and any outsized movement in the greenback, either way.

And finally, with a conscience understanding there's a difference between a negative bent and a realistic lens, I share the following excerpt from the Denver Post. Despite my deep-rooted dislike of all things Donkey, humanity trumps pigskin, at least through this lens.

This tax-averse city is about to learn what it looks and feels like when budget cuts slash services most Americans consider part of the urban fabric.

More than a third of the streetlights in Colorado Springs will go dark Monday. The police helicopters are for sale on the Internet. The city is dumping firefighting jobs, a vice team, burglary investigators, beat cops - dozens of police and fire positions will go unfilled.

The parks department removed trashcans last week, replacing them with signs urging users to pack out their own litter. Neighbors are encouraged to bring their own lawn mowers to local green spaces, because parks workers will mow them only once every two weeks. If that. Water cutbacks mean most parks will be dead, brown turf by July; the flower and fertilizer budget is zero.

City recreation centers, indoor and outdoor pools, and a handful of museums will close for good March 31 unless they find private funding to stay open. Buses no longer run on evenings and weekends. The city won't pay for any street paving, relying instead on a regional authority that can meet only about 10 percent of the need.

Remember Minyans, society is a sum of the parts and social mood and risk appetites shape the tape. We've got some good (recent earnings, by and large, and firm credit markets), some bad (lower highs, sovereign situations) and some ugly (populous backlash and geopolitical posturing). Reconcile, assimilate and compartmentalize -- and let's do this, together.

Good luck today.


position in s&p

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.

Featured Videos