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Risk on, Risk Off: Is the Rally Over?

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Trade the market you're given, not the one you want.

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Todd recently filmed a segment with Jeff Macke on Yahoo's Breakout, discussing the "risk on, risk off" trade. As we always say on Minyanville, the reaction to the news matters more than the news itself. Todd says that it spoke volumes when the market couldn't be taken down in the midst of Japan's nuclear scare, and also when the market couldn't rally after Osama bin Laden's death.

In the credit markets, Todd says, "Credit markets trade great," giving another reason to be bullish. They aren't a "panacea in terms of predictive powers"; debt does tend to lead stocks, for good or bad.

Watch the full video below. Follow Todd's trades in real-time with a free trial to Buzz & Banter.


R.P.

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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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