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.

Always Something There to Remind Me

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First off, I only just happened to notice that I passed the 2,000 tweet mark on my Twitter page.

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This isn’t a particularly large number, but unlike some folks, I don’t tweet out every thought that crosses my mind and every run-of-the-mill task I’m doing at every hour of the day. I try to make my tweets count for something. Curious to see what the magical 2,000th tweet was, I looked back:

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Draghi Queen

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The bureaucratic touch-hole below tried to ruin my day, but he failed. I cancelled all 99 of my stops before the opening bell and, one by one, carefully examined each stock to re-assert a good stop price (which in virtually all cases was no different than before). My stock picks are doing so well that in spite of being completely short, I am a saucy combination of (a) fine; and (b) dandy.

Draghi thought his jaw-flapping would kill guys like me, but the bears will win the war after losing every battle. Bite me, Mario.

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Ozymandias Speaks (by Springheel Jack)

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Draghi made an impressive announcement this morning that the Euro is irreversible and, in effect, that the ECB will do whatever it takes to save the Euro. Both EURUSD and ES have spiked up impressively this morning on the strength of that. Now this won't be the first time in history that some European has made grandiose statement that didn't stand the test of time, many will recall that a past German leader made not dissimilar statements in the 1930s that didn't work out, but be that as it may, in the short term this looks impressive. 

In honor of Draghi's bold statement I am dusting off one of my favorite poems by Shelley to share with you this morning:

I met a traveller from an antique land
Who said: "Two vast and trunkless legs of stone
Stand in the desert. Near them on the sand,
Half sunk, a shattered visage lies, whose frown
And wrinkled lip and sneer of cold command
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them and the heart that fed.
And on the pedestal these words appear:
`My name is Ozymandias, King of Kings:
Look on my works, ye mighty, and despair!'
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare,
The lone and level sands stretch far away". 

Why did this particular poem spring to mind? Who can say? On to the markets. 

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