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.
This past Friday I like many others were waiting for my comedic coffee break to be broadcast over the financial media outlets. When the set up was told I grinned in amusement and expectation. When the punchline was delivered I almost fell off my chair as I buckled in uncontrollable laughter. That punchline? The unemployment rate now stands at 5.8% Now that’s comedy!
Just when I felt my sides couldn’t take any more unbeknownst to me the preceding line of comedic humor unleashed by the so-called “smart crowd” was one line of ridiculous humor laced drivel after another. (more…)
Quite the vomit comet in the market today, eh? Bearish hopes are getting dashed left and right (look no farther than the Russell 2000). One of the last holdouts is the MidCap 400, which still has a clean series of lower highs:
As I reported in this recent post on Japan’s Nikkei Futures Index, price has entered “froth” (major resistance) levels seen in the beginnings of the 2007/08 financial crisis. As of tonight (Tuesday), price has held above the “line-in-the-sand” level of 16,666 and is now trading at 17,325, as shown on the Weekly chart of NKD below.
Beware of speculation that Prime Minister Shinzo Abe may be “considering dissolving parliament to shore up support,” as reported today in this Bloomberg article. This report may have simply been released to stir up emotions in the market place to lure short-sellers into the mix at these critical levels. (more…)