Note from Tim: Five-Star Sloper Iggy wrote and asked that I publish the item below. There’s a naughty word or two, so steel yourself – – but I wanted to present it unedited. I’ll say only this: I’ve been online since 1981 (longer than some of you have even lived), and I understand the nature of online interactions very deeply. My belief is that the horrendous tug-of-war going on in the market is fraying nerves and causing fistfights. I appreciate Iggy’s insistence on decent and civil discourse within the hallowed halls of the Slope of Hope: (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.
Significant Bull Fail
I was saying yesterday morning that the bears needed a fast and hard rejection at the SPX 50 hour MA, and that’s exactly what we saw. That was a serious bull fail, but they could still repair the damage by breaking back over the 50 hour MA with confidence, and that closed at 1883.30 yesterday. SPX 60min chart:
Something Something Dark Side
My posts sometimes reflect the kind of hand-wringing, what-could-go-wrong mindset that is so endemic to my troubled soul. This time, I’d like to be an optimistic pessimist and speculate on what could go right with the bear case in the short- and medium-term.
The market will be smellin’ Yellen on Wednesday, and between that and the Fed minutes, that could jostle things (to say nothing of the various and sundry geopolitical tensions simmering all around the world). Looking at the Dow Composite, a drop to the lows we saw earlier this Spring seems altogether feasible, if not likely: (more…)
Giving Bears Pause
We have talked about what is negative for the US stock market. From the signal in the banks vs. S&P 500 to a young uptrend in long-term T bonds vs. the S&P 500. Here is the 2011-2014 market leading BKX-SPX in breakdown mode.
Palo Alto Snobbery
What I decided not to buy yesterday from my local Whole Foods:
