Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

The One-Edged Sword

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Warning! Whine alert!

Looking at the action tonight, I must again ask: if the weak dollar was the reason equities exploded higher, how come a muscular dollar is doing jack squat for equity bears? WTF?


Above, the blue line is the EUR, and the black line is the /ES. If things were tracking normally, the /ES would be 100 points lower than it is now. Again: WTF?

It makes me think that when the EUR inevitably bounces, equities will roar higher. Grrrr……….

A Much Nicer Bull/Bear Spread (by Gary Tanashian)

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I am not sure what caused the anomaly that Biffermas noted earlier, but here is the chart updated as of yesterday at  It joins many other indicators pointing bearish to at least NOT BULLISH.  You should see the Investors Intelligence data at SentimenTrader.  It measures newsletter bullishness, and let me tell you folks, those trend followers are BULLISH to an extreme.


Separately, have you seen the latest hero being trumpeted?  Here he is in full regalia, man of the year!

Tell me, just what was Time saying last year at this time?  What were the major media saying in March?  Patience my bearish friends.  Hope '09 may extend a bit into Full Hubris '10, but there is not much bullish going on from sentiment and risk/reward standpoints.  Nuh uh.  Oh, also check out the dollar.