Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Some of You Think Way Too Much

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Allow me to pat myself on the back as the /ES plunged to 832.25 shortly after my post projecting a target of 832. Yay, me.

But, look, here's what I've been hearing over and over the past few days:

  1. The market has been going up because of the stimulus plan/Geithner speech;
  2. "Everyone" thought there would be a sell-off on a classic buy the rumor/sell the news;
  3. But since "everyone" knew this, surely the opposite would happen, since markets love nothing more than to surprise people and take their money away;
  4. Therefore the logical thing to do would be to buy, in an act of reverse-reverse-psychology

Folks, you are thinking way too much, and the reason is that you think "everyone" is like us here. They're not. Most people have 40 IQ points less than the average Sloper. Stop projecting your own intellect on the rest of the world. It's wrong. Buy the rumor, sell the news works. People aren't clever enough to think a step ahead.

I've shown this clip before, but it's apparent you need a review. So here we go: