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Todd Harrison: Yellen Learns Real-Time Lesson
Note that financial stocks held strong through the selling.
Todd Harrison    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Janet Yellen got a real-time lesson this afternoon in how to choose your words carefully. In mentioning that a "considerable" period is six months (between the end of QE in the fall and rates rising in the spring of 2015), she unwittingly triggered sell orders from the "ready-fire-aim" crowd.

Interestingly, but perhaps not surprisingly, the S&P 500 (INDEXSP:.INX) dropped directly to the 1850 support, where it bounced in kind. It's funny how those levels work.

She'll have an opportunity to backtrack and qualify, consistent with the recent history of the Fed, unless this was her way of letting some air out of the trial balloon. Personally, I thought she did a pretty good job for her first time out of the gate, faux pas aside.

One item of note: The financials held tough throughout the selling, which may have been the single biggest tell of the day.

R.P.

Twitter: @todd_harrison


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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.

Todd Harrison: Yellen Learns Real-Time Lesson
Note that financial stocks held strong through the selling.
Todd Harrison    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Janet Yellen got a real-time lesson this afternoon in how to choose your words carefully. In mentioning that a "considerable" period is six months (between the end of QE in the fall and rates rising in the spring of 2015), she unwittingly triggered sell orders from the "ready-fire-aim" crowd.

Interestingly, but perhaps not surprisingly, the S&P 500 (INDEXSP:.INX) dropped directly to the 1850 support, where it bounced in kind. It's funny how those levels work.

She'll have an opportunity to backtrack and qualify, consistent with the recent history of the Fed, unless this was her way of letting some air out of the trial balloon. Personally, I thought she did a pretty good job for her first time out of the gate, faux pas aside.

One item of note: The financials held tough throughout the selling, which may have been the single biggest tell of the day.

R.P.

Twitter: @todd_harrison


< Previous
  • 1
Next >
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.

Todd Harrison: Yellen Learns Real-Time Lesson
Note that financial stocks held strong through the selling.
Todd Harrison    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Janet Yellen got a real-time lesson this afternoon in how to choose your words carefully. In mentioning that a "considerable" period is six months (between the end of QE in the fall and rates rising in the spring of 2015), she unwittingly triggered sell orders from the "ready-fire-aim" crowd.

Interestingly, but perhaps not surprisingly, the S&P 500 (INDEXSP:.INX) dropped directly to the 1850 support, where it bounced in kind. It's funny how those levels work.

She'll have an opportunity to backtrack and qualify, consistent with the recent history of the Fed, unless this was her way of letting some air out of the trial balloon. Personally, I thought she did a pretty good job for her first time out of the gate, faux pas aside.

One item of note: The financials held tough throughout the selling, which may have been the single biggest tell of the day.

R.P.

Twitter: @todd_harrison


< Previous
  • 1
Next >
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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