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Random Thoughts: Banks, Earnings, and My 'Fat Finger' Snafu


Musings from the front lines.

Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter.

They say time is the most precious of commodities; with that in mind, I'll skip the prose today and share some truly random thoughts:
  • If I were smart and could write, this is what I would say...
  • We mapped numerous levels yesterday; if you missed them, please click here so you're up to speed before the earnings avalanche arrives in force.
  • Today is 1/9/13. I'm not a numerologist but there is something there (my gut speaking). I asked the esteemed Jeff Cooper his top-line vibes and he responded, "1/11/73 marked the false breakout peak in 1973; also the 60-day high-to-low-to-high cycle on S&P (INDEXSP:.INX) from mid-September to mid-November to mid-January."
  • That's why I love Minyanville; I learn a lot every day, and I'm also reminded each day that there is a lot left for me to learn.
  • A point of clarification; when I mentioned Facebook (NASDAQ:FB) and LinkedIn (NYSE:LNKD) in my Ten Themes for 2013, I was speaking to social mood, not stock prices (although they're not entirely independent, as we've learned).
  • We've had a good handle on the latter (fading the IPO and getting bullish into $19) and I think the management of the latter (LinkedIn) is top-notch and second-to-none (sir) so I wanted to make sure we touched on this before we got into the nuts and guts of the trading year.
  • The banks continue to trade "well-bid" and until that changes, the broader tape will bend (not break) as it did yesterday, holding NDX (INDEXNASDAQ:NDX) 1900 like my daughter Ruby holds her Ducky.
  • It stands to reason that we're in the midst of competing technical toggles with the fundamental metric "clearing its throat," so see both sides, define your risk, and remember that emotion is the enemy when trading.
  • Deutsche Bank (NYSE:DB) -- which we flagged yesterday as having a decent risk-reward on the long side -- is up a full percent (the BKX (INDEXDJX:BKX) if flat, but the financials trade dry and as go the piggies...)
  • Snaps to the PR and marketing team at Alcoa (NYSE:AA) for "leading the earnings parade" yet again. I'm sure this self-imposed factoid has put this stock on the lips of many a mainstream market commentator.
  • So, I "fat-fingered" my LinkedIn account last week and sent an invite to everyone in my Google (NASDAQ:GOOG) mail account, including many exes, a few stalkers, and yes, several folks who I wanted to add but never have. "No honey, I'm not talking to them; it was a LinkedIn snafu!"
  • My sell-side contacts in the Street continue to share war stories on the cost-cutting side; the Morgan Stanley (NYSE:MS) news today is yet another data point in the evolution of The State of the Art, first scribed in 2006.
  • On the full-disclosure front, I'll be out-of pocket for a few days-YPO training tomorrow, meetings (and lunch with my Raven-rooting brother) on Friday, and a visit to the Margarita Maven (my 93-year-old grandmother) Monday. Lots going on these days; I'm attempting to enjoy the journey after (more or less) working through the holidays.
  • Finally, while I've got a face for radio, we'll be hosting our monthly Fireside Chat with Mr. Michael Gayed of Pension Partners today at 4:30 p.m. EST. Click here to register; the password is "buzz." If you have a question you would like to ask, please email us directly ( or you will be able to ask it in real-time during the webcast. Thank you kindly, and we'll see YOU on the other side of this screen.
  • As always, I hope this finds you well!

Twitter: @todd_harrison

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