Trader Mike

Earlier today Briefing.com posted their thoughts on how these “momentum themes” (mini-bubbles) develop year after year:

We mentioned numerous times over the past 48 hours the Micro-cap Energy momentum theme that has sent some previously unknown energy names skyrocketing, and all you have to do is check the percentage gainers list today to see that — for this morning at least – it’s still in effect (the top percentage gainers today in order are all micro-cap energy: SSN +75%, FPP +41%, BDCO +38%, MXC +29%, PDO +21%, LEI +17%… see 11:14). Rather than recap the specific circumstances that drove these names, we’d like to discuss in general terms how these momentum “themes” develop. It seems that maybe once or twice a year these mini-bubbles suddenly pop up …

As you know, I’ve been keeping a list of the stock market (and now other financial markets) blogs I’ve come across. I started keeping a list back in May 2003. And while I can’t claim that this ’study’ is scientific I think it’s pretty accurate. I’ve steadily been adding blogs to the list at a clip of about 2 per month until February of this year. Then things started to pick up. I added 5 in March, 6 in April, 3 in May, and 16 so far in June. …