Just a couple of weeks ago, I wrote a laudatory post about I book I was halfway done reading called The Patterning Instinct.
Now that I’ve finished reading the entire book, I want to say once again that not only is it terrific, but it’s got to be one of the best books I’ve ever read. I cannot recommend it strongly enough. It delves into Western Philosophy, Eastern Philosophy, ethics, science, history, religion, racism, the exploitation of man, ecology, international relations, the age of the explorers…………it is a smorgasbord of information woven together into a volume which is educational, inspiring, and sobering.
I’m not sure what else I can say except………buy it and read it!
In the nearly thirteen years that I’ve been writing Slope of Hope, perhaps the most ironic post (out of over 20,000) was one I did last January called Bitcoin’s Massive Bullish Base. The reason it’s ironic is because Slope is largely dedicated to seeking out short-selling ideas for stocks, whereas the post was about going long a cryptocurrency. Only ten months and eight-hundred percent later, It turned out to be the greatest trade idea in the blog’s history, which actually doesn’t feel that great for the reason just cited.
It’s time for another feature in SlopeCharts! Yes, it’s the CCI:
Welcome back from the long Thanksgiving holiday, which was spent eating and then watching Bitcoin soar toward what seems to be a now-inevitable crossing of a $10,000 value. I was reading last night about the poor chap who accidentally threw away his hard drive with 750 bitcoins on it. That’s about $75 million now. So if you think YOU are having a bad day……
Anyway, just a few intraday charts: the US dollar is weakening against the Yen. Perhaps faith that the (completely stupid) tax reform is going to pass is starting to wane. Apparently this is a crucial week for the tax bill (sort of like all the “crucial weeks” we had for the health care bill earlier this year, which went down completely in flames). Again, stupid bill. I hope it fails.