Trader’s Narrative

What can possibly explain the behavior of the price of oil? The Senate committee has heard testimony from a variety of sources and a variety of viewpoints ranging from accusing the regulators to be tacit participants in market manipulation to “Peak Oil”.
This same sort of back and forth happens whenever we have bubbles forming. There […]

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 […]

The financial sector, as measured by its proxy, the Philadelphia Banking Index (BKX) has definitely broken down. I said as much before the end of last month. While it seemed that the line everyone was watching (level 75 on the chart) might act as support, it didn’t convince me.
While it put up a bit of […]

The financial stocks are not doing too well right now. I’m just telling you in case you’ve been hiding under a rock or have been floating in sensory deprivation tank for the last whee bit.
It seems everyone is looking at the poor financials and noting how weak they are relative to the market. The shibboleth […]

Ever since Google’s breathless announcement more than a year ago that they were going to offer real time stock quotes to everyone, I’ve been waiting to see if they would make good on their promise.
Well, it took much longer than they or anyone else thought but you can now get “real time” data for NASDAQ […]