From FT Alphaville:
One must always be aware of the possibility that what we think is pattern recognition is actually just a Rorschach of our own psyches:
Remember when George Soros warned of an inverted square-root recovery?
Something that might look a little bit like this in fact:
Well, we couldn’t help noticing Danske Bank’s chart showing off the Baltic Dry Index as a potential leading indicator on Friday:
Because a Danske-Soros combination might suggest this...MORE
Technical Analysis: S&P Black Swan Formation
Lifted from BloggingStocks:
A message board poster has put this hilarious chart showing that S&P 500 could be in for a rough ride. He writes that "The very rare black swan formation - note both feet and neck are complete and the rare vampire tooth variation is in place. This is very bad. Very very bad."...