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.
In my estimation, the dreary, slogging, multi-month range we’ve been all living through is a gargantuan distribution top which is, thank the maker, starting to roll over. Thanks to energy, I have been enjoying this rollover more than one who simply has been shorting the market in general, but I think other assets will soon join crude oil and its minions on the triple-diamond downslope quite soon.
Looking at the S&P 500’s trio of exponential moving averages (50, 100, and 200), we’re getting tantalizing close. You can almost taste it. Janet is still happy, though. The fraud, initiated by Bernanke and sustained by herself, is holding up at the moment.
Poor Brazil. Their president has the lowest approval rating in the history of any elected leader in recorded history (last I checked, 8% and falling – – even lower than Obama!), their commodities-dependent economy is in tatters, their stock market does nothing but fall, and their feces-infested waterways are freaking out those planning to be in the Olympics in 2016 who fear getting terribly ill. Sometimes things are so broken, they just keep getting worse: