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Random Thoughts: When Did Recession Become Public Enemy Number One?

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Is the US government playing a Jedi mind trick with debt?

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Random Thoughts
  • We enter Turnaround Tuesday with Europe pretty in pink, performance anxiety percolating, and expiration on tap (we'll see those influences in the sessions prior to Friday).
  • We often say to never let an opinion get in the way of making money. While that's easier said than done, it's paramount to successful trading in this environment.
  • Over the course of my career, whenever I've adopted the mindset, "Give me a pullback so I can cover," or "Give me a rally so I can get out," it's typically preceded a major turning point for the tape.
  • Why are central banks so aggressive? Are they being prudent, or is this akin to August 2007 when we witnessed a similarly coordinated global agenda put in place? If you never read The Credit Card, it's worth five minutes of your time.
  • Trading tells include Goldman Sachs (GS) and JPMorgan (JPM), crude (Mid East social unrest proxy) and the super-tech duopoly of Google (GOOG) and Apple (AAPL) for signs of slippage (Apple trades like a beast).
  • We penned some vibe on The Three Phase of Leave -- Denial, Migration, and Panic a few short days ago, which was pretty apropos, in hindsight. Again, the ingredients are in place for a panic higher; whether or not that happens-or if "this" is already baked into the tape and the lens shifts to the "why"-I'm not smart enough to say.
  • See both sides as we together find our way.
R.P.

Twitter: @todd_harrison

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Position in QQQ.
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