There's still ample downside opportunity before we get a bounce; Sunday and Monday on the e-mini markets are going to be a total madhouse.
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.
I Smell Another Credit Rating Downgrade Coming Soon (by SB)
With both parties in disagreement on reaching a comprehensive
“Fiscal Cliff” deal that aggressively reduces government spending and raises
taxes, and with the debt ceiling limit about to be breached (and probably
inflated to unimaginable, out-of-control levels), I smell another U.S. credit
rating downgrade coming soon…possibly to ring in the New Year.
I think
“government
inaction/complacency/impotency with power turned over to the Central
Bank” would best describe 2012…for most countries of the
world.
Who’s in charge?
