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.
I've been doing some late night reading, thinking, and analyzing. I've got some interesting things to show on Thursday. In the meantime – – and remember, I normally don't use arithmetic charts, but they do have their place – – I offer below the chart of the $INDU over the past dozen years or so………
My assertion, after looking at a graph like this, is as follows: anything who thinks we are on the cusp of a new bull market is smoking some serious weed. So there ya go.
No one can argue with a nearly 100% rise in an index in the span of eleven months. But I ask you – honestly – does this chart look like a buy to you? It seems to me a very small potential reward for a huge amount of risk.
The Dow just crossed 10,000. Might be time for the publishers to dust off those former best-sellers for republication.