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321 CR SPR 21.96 10.04%

CONTRARIAN DRUDGE REPORT INDICATOR NOT YET TRIGGERED

By chessNwine – Sun Jun 3, 2012 8:56pm – 3 Comments

That headline is way too tame to be a contrarian indicator…although he is leading with the market.

(@chessNwine commentary)

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3 Responses to CONTRARIAN DRUDGE REPORT INDICATOR NOT YET TRIGGERED

Yogi and Boo Boo says:

June 3, 2012 at 9:01 pm

What about the CNBC: “Markets in Turmoil” Special report? Does that count?

chessNwine says:

June 3, 2012 at 9:04 pm

It does…but in my opinion b/c it is a business network instead of mainstream news like Drudge I don’t give it quite as much weight.

Woodshedder says:

June 3, 2012 at 9:49 pm

I’m assuming you’ve seen Bespoke’s backtest of the Drudge Headline Indicator? Good stuff.
http://ibankcoin.com/news/2012/05/31/the-drudge-headline-indicator/

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Major US	US Futures	Europe	Asia	Commodities	2yr Euro Yields	10yr Euro Yields	Oil
DOW 15,354.40 0.80% NASDAQ 3,498.97 0.97% S&P 500 1,667.47 1.03% VIX 12.45 -4.74%	SPX 500 (CFD) 1,665.70 -0.03% DOW (CFD) 15,346.00 -0.06% NASDAQ 100 3,023.20 -0.19% EURUSD 1.284 -0.04%	UK 6,723.06 0.53% GERMANY 8,398.00 0.34% FRANCE 4,001.27 0.56% SPAIN 8,582.40 0.47%	H. KONG 23,483.00 1.73% JAPAN 15,361.50 1.48% KOREA 1,987.09 0.01% SHANGHAI 2,303.19 0.89%	NAT GAS 4.11 1.36% GOLD 1,342.00 -1.66% SILVER 21.27 -4.80% COPPER 3.32 0.53%	FRANCE 2YR 0.19 -10.90% GERMAN 2YR -0.03 -314.29% ITALIAN 2YR 2.18 27.59% SPAIN 2YR 2.81 8.21%	FRANCE 10YR 1.86 -0.96% GERMAN 10YR 1.33 -0.38% ITALIAN 10YR 3.90 -2.04% SPAIN 10YR 4.21 -2.35%	WTI 95.89 -0.14% BRENT 104.58 -0.06% WTI/BRENT 8.69 321 CR SPR 21.96 10.04%