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.
May, 2012: “Gary = Dumb Investor”, which was a memorable comment
response (among many) to the SeekingAlpha version of this bullish
article: Dumb Money Sold in May and Went Away
Presently, I am an “idiot” and a “doomer” for being ‘risk vs. reward’ bearish on the US markets.
Excerpted from NFTRH 225:
Promotion (Dictionary.com): something devised to publicize or advertise a product, cause, institution, etc.
The title implies a bear writer about to write bearish things. I get
it. I guess I am a bear writer now because I can no longer be a bull
writer. That is because my b/s detector is calibrated to its most
sensitive setting and usually begins sounding early. The b/s detector
went off early last May and the bullish analysis had to endure through a
very volatile summer. Now it is the same, in reverse.
As long as I've been doing this, I can still be astonished at charts. My charts, at least.
Everyone knows the HerbaLife story. I have no position, and given what's going on, I kind of lost interest in shorting this issue, but I just now glanced at the stock.
Let's take a really close look at that trendline, shall we?
Un. Be. Lieveable.
This is as unscientific as it gets, but I think we bears might be getting an upper paw here. This is the second day in a row I've been totally short and have shown a profit all day long in spite of the market being bid up by TPTB. (The Russell is, once again today, making an all-time high price, higher than at any time in human history).
Something tells me our bullish friends may be out of gas. We'll see…….
I think equities may well fall today, but if that isn't the case, the anchor for the close today is the weekly upper bollinger band on SPX, and that is now at 1534. If we are to see a close hugging this band for yet another week, I'd expect the close today to be in the 1526-34 area, ideally near 1530: