In the midst of this strange day I saw something very funny on twitter, which was an analyst saying that ‘Bitcoin is a virtual currency without any value anchor so ….’ As opposed to what I wonder? In a world where vast quantities of new money are being created, and where respected economists are starting to mention seriously the possibility that the Fed could or should buy some or all of the US National Debt back with an even larger flood of newly created digital dollars, one can’t help wondering where real currency with a solid value anchor might exist. I am no Bitcoin fan but it’s hard in the world we see around us to deny the advantages of a having access to a currency that cannot be debased by central bankers. (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.
Here’s the bearish watch-list of stocks that I am watching for the week.
I suspect I’ll be busy dodging bullets for the afternoon, so I’m just going to toss up this fitting image to give me some breathing room while managing my positions through the tumult
By the way, some of you have received spam from the SocialTrade system from a “Victorialilybabe@gmx.com” (or something like that). The system doesn’t “reveal” your email to anyone, although apparently it can still let junk like this find its way to you through SocialTrade. Rest assured we’ll track down this bug and nuke it.
SPX broke up through both falling megaphone and 50 hour MA resistance yesterday morning, and as I said yesterday morning, that break targets at least a test of the current highs and most likely higher. The next target on the SPX daily chart is the daily upper bollinger band, currently at 1887. SPX daily chart: