The past six months have been vicious, brutal, and unrelenting for the ursine set. It’s time for a few minutes of comic relief. Watch the following………...if you dare.
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.
Above Us Only Sky
It’s been obvious for a while that the SPX 2007 intraday high at 1576 wasn’t likely to hold long, but I was expecting a bigger retracement before it broke. That was not to be and SPX broke and closed over resistance there with confidence yesterday. I’ve been looking at the daily bollinger bands pinching together on SPX for a couple of weeks now and noting that these tend to resolve into big moves. That big move should now be up so I’m expecting to see SPX over 1600 in the near future. SPX doesn’t tend to wander far from the upper bollinger band however, and that tends only to rise at five or six points per day in a strong move up. That closed at 1578 yesterday and the likely closing range would be at 1582-4 today, so with the close yesterday at 1587 I’m expecting to see some consolidation today:
Why It’s Different This Time
Excellent Oatmeal Entry
I have long been a fan of web comic The Oatmeal for a variety of reasons (not the least of which is that he successfully fought off the doucheist attorney in these here United States, and completely shamed the man too, as frosting on the cake). The latest entry is particularly good: you may never have thought mantis shrimp were awesome (I certainly didn’t), but you will soon change your mind
Sunny Skies Equities Die
As I’m writing this the S&P is in beautiful new all time high territory. The concept of a correction has now been downgraded to, at worst, a gap down in the morning to be bought and at best, a five point intraday drop. This is the world we live in. And the consensus seems to be that this will continue for the foreseeable future. Every central bank in the world is printing, there is zero fear, and we are now in Livermore’s AOT market meaning “buy any old thing.”
