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This note was originally published at 8am this morning, December 03, 2010. INVESTOR and RISK MANAGER SUBSCRIBERS have access to the EARLY LOOK (published by 8am every trading day) and PORTFOLIO IDEAS in real-time.

“Less Is A Good Thing.”

-Jason Fried & Heinemeier Hansson

At our year-end Hedgeye meeting this week, this was the most valuable take-away from the aforementioned bestselling authors of “REWORK.”

My immediate term support and resistance levels for the SP500 are 1197 and 1223, respectively.

Best of luck out there today,

KM

Keith R. McCullough
Chief Executive Officer