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.
Will the beginning of the “anticipated” correction come tomorrow?
The Nonfarm Payroll report is often a market mover and I expect to see much of the same tomorrow.
The market is wound tight and typically when that occurs we are witness to a large directional move.
I expect, regardless of how positive (or negative) the report is tomorrow, the market will push lower.
The Slope of Hope has the best comments system on the Internet. That's a claim I make with not only a straight face, but a bit of shock, because I can't believe how lame the other comment systems are. I tried to distribute Slope's comments to other sites, but they weren't interested. Oh, well. It's all for us, I guess.
So our little corner of the Internet has an improvement to make it even better than it was – – the ability to post images along with your comments.
I've always cringed when people had to go through all kinds of gymnastics to share ideas, typically making use of a system like Screencast. They would have to upload their picture to an external site, and then they'd post the URL to that site……….and then another poor Sloper would click on the URL to fly off to that external site and see the image.
Anyway, those days are over. Upload an image – or multiple images – directly. The thumbnails are displayed instantly, and clicking on an image brings it up in its own tab, full size.
Using it is a cinch. Use comments as you normally do, but if you want to add an image, click the button.
Next, choose the image from your hard disk you'd like to upload.
It'll upload. At that point, you can Add Another Image, or just go ahead and Post Comment.
There's another major feature coming – – – a gargantuan one – – but I'll tell you about it when it's ready. Until then……….enjoy your new and improved comments system!
Raw Meat for Starved Bears
A) If the employment numbers are good tomorrow, no more QE, down she goes!
B) If the employment numbers are bad tomorrow, QE no work, down she goes!
C) If the employment numbers are as expected, we go down for the count!
It's a Win Win Win!!!
BDI SOH's Idiot Savant
Data released today shows:
- a drop in Britain's Construction PMI
- a rise in U.S. Job Cuts
- a drop in U.S. Unemployment Claims (which are still at higher average levels than from 2000 to 2009)
- a sharp drop in U.S. Nonfarm Productivity
- a sharp rise in Unit Labour Costs
as shown on the graphs below.
So, basically, we have a situation of fewer people being less productive at higher company costs in the U.S. and a continuing drop in Britain's business conditions. These figures do not bode well for a healthy business environment for either country that would support sustainable growth, without increasingly higher inflation in the short, medium, and long term, in my opinion.
I've mentioned purveyor-of-skanky-wear retailer Abercrombie & Fitch many times in the past, and my post of October 11 highlighted it when it was above $70. It continues to tumble (much like it did during those charmed years of 2007-2008). It's down a double-digit percentage today.