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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.

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.

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