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.
Well, after 41 months of an (ostensibly…..) countertrend rally, and eleven solid weeks of the latest upswing, it takes a lot of faith (or, many would say, stupidity) to hold out any hope for the bear market resuming. Today definitely did some serious damage to the bearish case. (Although wave 3 is bound to kick in any moment now – cough, cough).
The most obvious is that the ES is now – God help us – at a new high, surpassing even the nosebleed levels set late in March.
If you’re anything like me you’re quite aware that if you truly want to know someone forget about what they say, and watch how they conduct their lives. People might talk smart, but they can have the reasoning capacity on par with a pile of rocks.
I was struck or should I say dumbfounded this week by a few events that just made me wonder what are these people thinking. Then I caught myself and realized that was even more of a dumb question. Here’s what I just don’t get…