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The Economist: Financial Whirlpool Cover at Trader’s Narrative

The Economist: Financial Whirlpool Cover

There has been so much happening that an important sentiment indicator which I usually watch for slipped through the cracks and wasn’t mentioned in the sentiment overview for last week:

economist cover financial crisis september 2008 whirlpool

And BusinessWeek’s cover asks: Is It Safe Yet?
With the main article inside having a very bloodied bull staggering.
businessweek cover september 2008 financial crisisbloodied bull businessweek magazine article art

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4 Responses to “The Economist: Financial Whirlpool Cover”  

  1. 1 Brandon

    Hey, I just started following your blog a few days ago. It’s very lucid and well though out. I’m impressed. Keep up the good work!


  2. 2 BourningMarkets

    Good cover.

    Now, taking in consideration your article “When Magazine Cover Indicators Clash”, and being this one from The Economist, I doubt to take it as a pessimistic contrarian indication, specially in a bear market and in mid-term. Time magazine seems a better one :)

    Interesting: check SPY:IEF in Stockcharts (stocks/treasuries). Recovered important horizontal support, now in pullback. Little room to fall. (Unless a finantial meltdown, that is).

  3. 3 Babak

    Brandon, thanks :)

    Bourning, good point, I would have to agree. The other indicators also point to more pain ahead. re SPY:IEF, what are we looking at exactly? I mean the rationale for the ratio?

  4. 4 BourningMarkets

    Babak: SPY for stock market and IEF for bonds-treasuries. Thus, the ratio gauges the trend toward risk taking versus towards safe haven. I took it from a Stockcharts newsletter.

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