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.

That Darned Truthiness

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Here we go again.

And again and again.

The bulls gouge out the eyes of the bears with their optimism, Pandoras, LinkedIns, Groupons, green shoots, bailouts, rescue packages, and Zuckerbergs.

Then the bears turn around and gouge the eyes of the bulls with The Truth.

This is getting really, really old. The Truth needs to hold sway for more than a few days. The Truth needs to set us free. Because I'm sick of the bulls fooling enough people into thinking everything is Hunky Dory when it isn't.

Anyway, below is the false breakout of false breakouts; just moments before the release of the jobs number, the bulls were jabbing their fists in the air since the market was breaking to new highs. Once reality set in (which is the already utterly inflated jobs numbers showing the economy is still really weak) all hell broke loose.

Welcome back to reality. Enjoy it while it lasts.

0708-es

Slope End Of Day Video July 7 2011

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Just your friend Brian Johnson with a market end of day video. The bulls are just relentless up here! A pullback IS coming but it doesn’t have to be tomorrow. I’ve said this wave 3 could extend for a few more days and that’s been true so far. It could also get us into and through tomorrow so don’t count on a pullback but do be cautious if you’re long. Just keep stops in place.