Well, my friends, we’re seven months into the year, and we’ve had one – count ’em – ONE stinking month where the S&P actually fell (that would be June, when it plummeted a crash-worthy 1.5%, certainly harkening up fears of imminent armageddon). For a number of reasons, I think that August, at long last, will finally yield the bears an all-too-rare good month. (more…)
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 wish there was a better way to bet against the finances of America’s cities, but MUB is about the closest thing I can find. It’s looking pretty weak, and I could easily see this thing getting down to 97 or so in the next few months. My own little town of Palo Alto is neck-deep in cash right now, thanks to the largesse of neighboring Stanford University. Our policeman and firefighters all make way into the six-figures each year, which, ummm, I think is kind of excessive. In any event….. (more…)
God knows that if I’m cheering and calling for world destruction, the bottom is in. You saw no such sentiment from me today. I was fornlorn and mute. But contrary sentiment works both ways, you know. And this was pretty much precise to the tick. (more…)