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.
At the close of September the market closed down 5 consecutive months which has only happen twice before 2011. Looking at the chart below which shows the monthly change from the 5th consecutive down month. You can see the market reacts differently each time after 2 months. In 2001 the market rallied about 9 more months while in 2008 the market on rallied 2 months before it dropped.
"Days to save the Eurozone", then the big rally
Hey fellow Slopers,
A couple of days before Wednesday's coordinated central bank action goosed global markets, Wolfgang Münchau wrote in his FT column ("The Eurozone has only days to avoid collapse") that if the European summit on December 9th didn't lead to an ambitious three part plan to save the Euro (an ECB backstop + a timetable for a Eurobond + plus an agreement on a fiscal union) the Eurozone risked collapse:
Obviously we saw a huge gap and run up yesterday on the news that central banks are intervening to save the world …… again …… for a while. How long might this last? Who can say? We'll see how it goes but this might have a shot of lasting into mid-January I think, and might even run further. Are we seeing the start of a major new bull market in equities? I really doubt that but you never know I guess.
