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.
Dead In Its Tracks
Well, the Bernanke speech came out, and although the market reaction is only 15 minutes old as I am typing this, perhaps – unlike Jackson Hole – the disappoint will stick this time.
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What's incredibly interesting to me – – and this warrants close examination on your part – – is that the expected continuation of the market's rise (indicated by the regularly-placed green arrows) seems to have stopped dead in its tracks. The market should have pushed higher for several more weeks. Instead, the rise has been truncated.
Something's up. And it isn't the market.
Next Level for Euro to Take Out
The Euro is down over 1.1% as I'm typing this and is help taking equities down with it. There's not much holding it up at this point.
