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.
Maybe Bonds Are Ready to Short
Taking a Step Back
As delighted as I am at the sell-off, I want to be rational about this. We may be getting a bounce here. I've placed some possible support levels below. I've taken profits in some of my larger positions.
The Voice of Reason in a World Gone Mad
Bearish Rationale for Shorting the Market
- + Europe is about to enter contagion phase, with Spain standing at-the-ready;
- + The most widely-followed stocks have gone nothing short of parabolic;
- + The United States has a debt that will crush it, sweeping away its present form;
- + The unemployment situation is much worse than the government is letting on, and critically-needed tax revenue can't be faked and redefined by the Feds like the BLS numbers can;
- + Sentiment is at historically bullish levels;
- + Any rational person looking at a long-term chart of the market knows it's phenomenally overpriced;
- + The excesses of the 1990s have been papered over and not legitimately addressed.
Bullish Rationale for Buying the Market
- + End-of-quarter window-dressing, because everyone knows AAPL at $620 is a fantastic bargain.
- + That traitorous scumbag Bernanke will never stray from his dual mandate, which is to (a) sacrifice the future of the U.S. for the ceaseless avarice of his friends; (b) assure his own future's financial fortune at Goldman.
- + Facebook, ba-bee!
Bonds Still Rallying (by Springheel Jack)
SPX was struggling yesterday, and one of the reasons for that is the ongoing rally in bonds. ZB reached my first bounce target yesterday and broke up through it. My next bounce target is broken support in the 140 area, and with ZB in the 138 area that's still some distance away. I have a decent rally channel for ZB and the next obvious target is to hit channel resistance in the 139'10 area:
