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.
U.S. National Debt Surpasses 16 Trillion Dollars
The U.S. National Debt has now surpassed
the 16 Trillion Dollar mark. That translates into $140,017 debt per
taxpayer…and increasing every minute.
This is the result of your
taxpayers dollars hard at work to support a Congress/Senate that does nothing
about it. What is being done about it?…Mr. Bernanke is thinking of
adding more debt in the way of stimulus to assist the markets.
Good for the economy?…how can it be, particularly with the rest of the world
economies slowing down?…he'd have to fund the rest of the world, too. Will it
solve the debt crisis?…how can it? This seems like a recipe for disaster, does
Get your checkbooks out and be ready to pay when asked…
Central Bankers: 183. Bears: 0.
I am seriously starting to lose hope we're going to see a bear market ever again in our lifetimes. If central bankers can simply press a computer button and push the market perpetually higher, what's the point?
The ONLY bear market right now, it seems to me, is in bonds. The "clean setup" I pointed out yesterday is working out, and I'm augmenting my long position in TBT, the ultra-bear fund for bonds. Here's the ZB as it tumbles away:
ES Triangle Breaking Up (by Springheel Jack)
On SPX the middle bollinger band was tested yesterday and held as resistance. The upper bollinger band is in the 1419 SPX area today so I'd be surprised to see a move over 1425: