Trader’s Narrative

Last night Alan Greenspan appeared on the Daily Show with Jon Stewart to promote his new book: “The Age of Turbulence”.
Jon Stewart asks him a very intelligent question that I never would have guessed he would broach. Greenspan’s answer is as surprising in its candour.
If you haven’t already, read “Gold and Economic Freedom”, an article […]

The market is drifting higher this morning, as it tends to do ahead of Fed meetings. This is the defining moment for Bernanke. The first chance he will get to create his legend and legacy.

Maestro vs. Helicopter Ben
With the upcoming release of his memoirs, Greenspan has been all over the news with attention grabbing sound […]

What if we are already in a recession? That is the question this article from the NY Times raised over the weekend.
Of course, this is an unanswerable riddle since the only way we know how to identify a recession is through hindsight, when it ceases to matter.
“With the core inflation rate comfortably close to 2 […]

Two small blog updates:
Avert Your Eyes
I finally got around to updating the About section. Not only does it have more info like my favorite trading books but I also put up a picture that was taken for the Globe & Mail article earlier this summer. Yes, now you can see what I look like. […]

Here’s a quick recap of the sentiment smoke signals this past week:
Market Vane
I covered some interesting discussion on this sentiment survey a few weeks ago. I fail to see how it can be viewed as predictive, rather than contrarian. Especially as this week we see it continuing to go up along with the market’s recovery. […]