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.

One More High?

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There's a lot of chatter on the airwaves about the billion dollars – – a record – – that's going to have been spent on the 2012 Presidential campaign (let me save you the suspense: Obama is going to win in an electoral landslide, thus meaning the billion dollars was a total waste, and the POTUS is going to ramp up his plans for his risk-free final term in office).

The actual money spent by Obama to secure his second term is more along the lines of nine trillion dollars, if the money-printing bonanza by the Fed is any guide. I hope he enjoys his second term and that it's worth every penny.

One thing we can all agree (except for the blind among us) is that the impact of all this easing is getting weaker………and weaker……….and weaker. Just look at the withering-away of the leaps tinted below. The frustrating thing, of course, is that with a permanent bid under the market, the "selloffs" (if you want to call them that) don't last any more than six days, tops. Just when it seems things are starting to rock 'n' roll, we flip back up again.


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Possible Retrace Here (by Springheel Jack)

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I've been running a lot of charts this morning and have narrowed the field down to ten I'd like to post today. That's rather too many, so I'll post five here and the rest on twitter later. 

On the SPX daily chart there was a clear break over resistance ant the middle bollinger band yesterday and that should be support on a closing basis today in the 1448 SPX area. The next target up is the upper bollinger band, currently at 1468, and that is the retest of the highs area that I was talking about yesterday. Barring a major reversal today that's what I'm expecting to see on Friday or Monday:

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The Ever-Growing Tech Bubble…You’ve Been Warned! (by SB)

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Once again, another bubble grows as the spread between the NDX
and S&P 500 and also between these Indices and their
respective Volatility Indices continues to widen, bringing with
it unresolved volatility repercussions, as shown on the 20-Year Daily
percentage comparison chart
below. The last two bubbles didn't end well
for both Indices, as their collapses were swift and deep, cannibalizing
virtually all of the gains that were made within both bubbles.

Technology
has risen from the 2009 lows more, in percentage-terms, and faster, than it
did from the last bubble lows to highs, thanks to the non-stop money-printing
programs that have been enacted by the Fed since 2009. However, the Fed, alone,
cannot save a potential collapse of the current bubble, particularly within the
confines of the challenges facing the current slowing global economic
environment, along with growing domestic and international political/fiscal
discord, which were not factors prior to the last bubble collapse.

You've been warned…please don't shoot the messenger!

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