The current hot button issue lately has been the “Great Wealth Divide.” Pundits across the world have given their two cents about how to fix the ever growing wealth divide. Ideas range from tax reform to tax increases; giving more power to the workers or further encouraging the rights of corporations; education reform in low income areas and making community college free. The big bright headline of “in the next year the top 1% of the world’s population will control over 50% of global wealth” has sent the globe, and the mouth breathing media, into a complete and total frenzy. Yet with all the hot air being spewed from the mouths of Democrats, Republicans, Communists, Libertarians, MSNBC, Fox News, and just about every other dope with access to a microphone and camera I still have yet to hear a single person address the actual reason behind this ever growing wealth divide. The reason for the ever growing wealth divide is quite simple but we, in our Politically Correct Society, are too cowardly to actually mention the true reason for the wealth divide in polite company.
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.
It’s been said that there is an inverse correlation between the confidence a trader has and the outcome of whatever they are predicting. If that’s true, I should be awfully worried, because I am ungodly excited about what’s coming up very soon (probably next week). Simply stated, I think the floor is going to completely be removed from the market. Perhaps my good trading month in January is corrupting my thinking, but I don’t think so.
Anyway, instead of doing videos this weekend, I took the time (and it took a lot of time) to take images instead. I’ve got 88 – count ’em – 88 positions. I have carefully selected my favorite 34 short positions and am sharing them on Slope: a little less than half of them for everyone, and a little more than half exclusively for my Slope+ readers (which, if you aren’t one, you should really consider joining……….since, errr, I’m saving my very best ideas for posts for subscribers alone).
Mark Hulbert has a piece this morning at MarketWatch in which he de-correlates the first Fed interest rate hike from any supposedly corresponding stock market movements. I agree with some but not all of what he writes. Let’s take it a chunk at a time.
Are you obsessed with whether the Federal Reserve will begin to raise official interest rates in July, September or sometime next year?