Trader’s Narrative

By Elliott Wave International
It’s one of the first rules in the book of mainstream economic wisdom: a country’s economy is the thermometer which “reads” its stock market’s temperature. If financial conditions are heating up, stocks rise; if they are cooling down, stocks fall. Were it so simple — millionaires wouldn’t make up a measly .15% […]

In a strange twist of events, the most notorious file sharing website, The Pirate Bay, is being bought out by a small public company, Global Gaming Factory for about $7.8 US million.
According to the spokesperson for TPB, Peter Sunde, GGF approached the owners of TPB a few months ago and negotiations finalized recently with the […]

According to Jim Stack of Investech Research, there are a few conditions which must be met before a new bull market can be born. They are a mix of monetary, technical and sentiment measures. I’ve looked at four of them already:

Consumer Sentiment
Formal Recession
20%+ Decline
Coppock Guide

Here is the fifth: monetary policy. Of course, almost every single […]

Santander’s takeover of Sovereign Bancorp is a great example of the smart money vs. the dumb money. Santander has had Sovereign in its sights for a long time and had been rebuffed by them. But Santander is now using this crisis as a catalyst to buy up the remainder of Sovereign it doesn’t already own. […]

The stock market just is. Trying to find reasons for it’s gyrations is usually a harrowing exercise. And pinpointing a single cause is pretty much a futile effort.
By now, the event that is most prominent in everyone’s mind is the multi-billion Euro Societe Generale fraud, perpetrated by Jerome Kerviel but before being eclipsed by […]