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.

Good God Almighty

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I haven’t slept this poorly since last October, when that pinhead Kuroda (however it’s spelled; I’m not going to even bother checking) launched Japanese QE, measured in trillions, to prop up their doomed economy a little while longer.

After nearly seven miserable years of waiting, the bear market is roaring back with a vengeance. My 55 shorts are ready to sprint out of the gate, whereas my five longs are staring at me like pathetic, unloved whelps. How I wish I could beam back to Friday morning and tell the Tim from back then to cover nothing and buy nothing.

The bears could really use a stick-save from Yellen right about now. Do that jaw-boning you do so well, you ancient little troll! We need your fresh-baked-oatmeal-cookie magic!

0823-cramer

SPX:VIX Ratio At The Brink

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* N.B. See Friday’s UPDATE below…

Thursday, August 20th:

Note the aggressive selling on the SPX when the SPX:VIX ratio gets up to the 180 level. A drop and hold below the 100 major support level could spell big trouble for the SPX and the other Major U.S. Indices.

With the Momentum indicator in a downtrend on this timeframe, I wouldn’t be surprised to see a larger pullback occur in the equity markets. Watch the 2038 level on the SPX, as mentioned in my post of August 14th, for confirmation.

SPX:VIX Monthly Ratio Chart

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One Last Train to Nowhere………….EP 2185.

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The Stupefied Shop 

 

As a long term non believer in the equity market’s ability to relentlessly drive higher, even in the face of dubious fundamentals.  In other words, an abject loser.  Finally seeing this supernatural stock market’s true character revealed last week, in delectable descending destruction, was especially satisfying for the suspect Savant.  Yet, this idiot simply can not shake off the debilitating embarrassment of having completely missed the downtown A train express to Broadway & Wall, left standing naked on the silent subway platform, utterly exposed with his head up his ass.

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