I see now that no less a body than the United Nations will be considering a resolution for a worldwide ban on "blasphemy". Ummm, evidently not enough people read my post last week suggesting just the opposite – – – a coordinated, worldwide effort to deliberately be blasphemous. Receiving the papers declaring me Benevolent Dictator Of Earth is taking way longer than it should. In the meantime, you people are going to have to put up with a lot of nonsense.
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.
QE Rhymes (by Springheel Jack)
I've been mentioning the comparison with the start of QE2 almost every day since QE3 was announced. QE2 was also trailed in advance, with a steep rise into the announcement, a break up on the announcement over the daily bollinger bands on SPX, and then a short term high there that was followed by a retracement. Obviously SPX in the wake of the QE3 announcement has been following the same script so far, and that may well continue, as the stats for Mondays recently, and also for this week historically, are both flat to down. Here's the chart of the QE2 period showing the post QE2 announcement retracement on SPX:
