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.
I first got online in 1981, and one of the first people I met (on CompuServe, if that name rings a bell) was a kid my age named Rob Reid. Even though he lived on the other side of the country, he and I became almost instant friends, and that friendship has persisted to this day.
Rob has done some pretty amazing things in the thirty years that have passed since we first met. (You can read the details on Wikipedia). But, most recently, he gave a hilarious talk at TED about, as he dubs it, Copyright Math. Here's the five-minute speech:
Tribulation over Summation
Probably the most troubling chart I've seen recently in the NYSE summation index. Over the past several weeks, what one would have expected would have been a cycle down in equities (take note of past instances, marked with arrows). Instead, the market has flipped the bird to all bears and pushed to levels not seen for years.
Now that the down-cycle is nearing completion and about to swoop higher, I wonder if this will only serve to supercharge the market further. Over the past year, the NYSE summation index has only been our friend a couple of times but has helped out the bulls almost without fail. I guess a few tens of trillions of dollars in new liquidity can have magical powers over what were once comprehensible markets.