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.

SPY Guesstimate Contest Reminder (by Market Sniper)

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For those who may have missed it, the deadline approaches to get your SPY guesstimates in. Friday, March 4, 2011 at 4 pm (EST) is THE deadline! Here are the rules and prizes.

I know some are sandbagging waiting for just before the close to get your entries in. Just do not forget to do it! Should you win first or second prize, Morgan Silver Dollars maybe worth a bazillion dollars by May 6, 2011!

This is open to ALL including lurkers and visitors to The Slope Of Hope. Cost of entry=just one email! Send your guesstimate in to; IF you have a Slope handle, please include that as well!

Hope to met a lot of you at the Slopefest III festivities in Las Vegas as well and best of luck!

You Can’t Make This Stuff Up (by Trade Flight Plan)

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Imagine it’s 30 years ago.  Someone comes to you and offers you a crystal ball.  You gaze inside to see the future.  Instead of the Jetsons and Star Wars, you’re entertained, saddened, and surprised by what you see.  Each of these is in no particular order…


What are the most shocking world wide events that rip through markets and plant the seeds of global unrest?

  • One of the greatest bull markets the world has ever known
  • The fall of communism in countries like the Soviet Union and East Germany
  • A modern day repeat of the great tulip bubble, only this time with virtual companies that have no income (dot com meltdown)
  • The destruction of the World Financial Center by a terrorist event (the US launches a multi-decade campaign to seek redemption)
  • A modern day repeat of the great tulip bubble, only this time with home ownership (the great recession)
  • One of the greatest bear markets the world has ever known
  • One of the greatest bull markets the world has ever known (if only they take out prior highs)
  • Everyone now carries little tiny magic boxes that allow them to communicate with anyone else in the world and answer virtually any question in a matter of seconds

And what companies endure the exhilirating and painful business cycles over these 30 years?
What products and services become the most powerful?

  • Computers and those little tiny magic boxes (AAPL)
  • Software that operates everyone else’s computers, but not the little tiny magic boxes (MSFT)
  • Silicon wafers that make everyone’s computers possible (INTC)
  • Searching for stuff (GOOG)
  • Classified Ads (EBAY)
  • Coupons (Groupon)
  • Keeping in touch with friends (Facebook)

Of course, 30 years later, you would also see in the crystal ball that the same ruler still presides over Libya, but you would not have known to pay attention to that.  Will be interesting to see how this one shakes out.

In our prior post, we had some fun with math on calculating QE2 induced ES targets.  Springheel Jack’s been watching similar targets.  Our post was very timely in that the ES immediately sold off as soon as the article posted.  Where’s that Chocolate Rain video?  Nonetheless, 1310s remain as a key S/R level.  We broke below it, broke above, broke below it, broke above…  So, it shall remain our line in the sand as an ongoing reference point.  If ES stays above 1310s, then those longer-term QE2 targets remain intact.

Uncle Buck… Cast Out Once Again

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Here's the situation for dear old Unc.  He is outside in the cold, looking in.  Behind him are the 3 Snowmen (let's see who remembers what they represent) out in the yard, awaiting their time.  In the warm, toasty house the revelers are punch drunk, doing the twist and making out in the corners.  The music is loud, and it sucks by the way.  Pure canned, disco crap. 

Every once in a while, a group of hotties sees Unc staring in the window and they mock and giggle amongst themselves.  The real men are inside, doing the shuffle and giving pick up lines, not to mention doing another kind of lines.  This is a hell of a party and no one wants to leave.  Too much fun.  No worries about the details of every day life.  No worries about why they are even at the party.  Party on… til there ain't no party no more.