Trader’s Narrative

If you were around the dot com bubble years, you remember that there were a few people who were “non-believers”. Those few who didn’t believe that “this time its different”. One of them was Robert Shiller, an economist who got his first 15 minutes of fame for renting to Allan Greenspan, the now infamous phrase, […]

Jim Rogers and Warren Buffett are on different sides of the recent government bailout. Rogers calls the US more communist than China, adding that the Fed bailout is “socialism for the rich“:

If the video doesn’t show up, you can see it here.
Buffett sees things differently: “I wouldn’t change anything in the plan myself,” adding in […]

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 […]