Trader’s Narrative

When a widely popular site like icanhascheeseburger.com puts this up, it’s safe to say that not only has the concept reached everyone, but that “recession” has seeped into the very depths of our collective psyches:

Source: icanhascheesburger.com
Of course, as a contrarian indicator, the fact that we are in a recession may in fact be a condition […]

Speaking of a recession, here’s an interesting graph from Intrade, the prediction market for legal, political, economic events:

The chart shows the contract for a recession in the US economy in 2008. If there is a recession sometime this year, it will pay the holder $100. If there isn’t, it will pay $0. According to this, […]

Here is the second installment of the conditions that precede new bull markets, as put forward by Jim Stack of InvesTech:
“Formal” Recession - confirmed (not just feared) by media headlines. Once again, this reveals the importance of being a contrarian investor… buying when no one else wants to. Historically when you see “RECESSION!” in the […]

Bernanke could have made his Humphrey Hawkins testimony today before Congress simple by showing them this chart:

Ever had a puppy that somehow got away from the leash? You know how every time you approached it to try to reattach the leash, it thought you were playing a game of “chase” and ran away? Well, the […]

Here’s a chart of +50 years of the intended Federal Funds rate:

Now is an appropriate time to take a step back and look at the bigger picture because what the Fed has just done is extremely rare.
It has reduced the interest rate by more than 43% in less than 6 months. To find such a […]