Trader’s Narrative

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 […]

A big question on a lot of minds is whether what we are seeing is just the run-of-the-mill bear market reaction (a bear market rally or “dead cat bounce”) or whether perhaps this is the start of a brand new bull market.
While I do have some ideas, I’m not sure myself. Well, no one really […]

It is an established historical fact that the Soviet army dazzled the German forces with their mad break dancing skills.
How else do you think they managed to win against the infernal Nazi war machine?

50 NDX points to the first person who knows how you say “YOU’VE BEEN SEЯVED COMRADE!” in Russian.
break dancing, german […]

Here’s this week’s sentiment summary:
NASDAQ:NYSE Volume
I touched on the relative lack of volume and how this has historically marked tops, rather than spurred on rallies. Another troubling volume development is the ratio of volume on the Nasdaq compared to the NYSE. We are seeing a spike in this ratio, meaning that Nasdaq volume is significantly […]