Well, since God knows I’m not at risk of reversing any kind of sell off (since the market goes up every day – – even on holidays), I’ll share one of the greatest movie segments ever made about soldiers in honor of the Memorial Day here in the good old U.S.A.
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.
Intraday ETF Musings
Happy Memorial Day. I shall again try to squeeze some blood from the stone known as a 3-day weekend and offer up a thought or two. These charts are intraday graphs of a few ETFs I find intriguing.
First up is the junior miners, which look just about ready to break lower. Precious metals have been a mess lately, and the chart below looks poised to break down to about $27.
A Looming Round Figure
Well, just about the only asset the sucks is gold. Everything else is creeping higher. Gold – the “precious” metal – looks ready to break the next psychologically important level of 1200.
The Mightiest Rose
My old desk doesn’t arabesque, in the morning when I first arrive.
It’s a pleasure to see it’s waiting there for me to keep my hopes alive.
Such a comfort to know it’s got no place to go, it’s always there.
It’s the one thing I’ve got, a huge success, my Good Old Desk.
My old desk never needs a rest, and I’ve never once heard it cry.
I’ve never seen it tease, it’s always there
to please me from nine to five.
Such a comfort to know, it’s dependable and slow,
but it’s always there.
It’s the one friend I’ve got, a giant of all times, my Good Old Desk.
My old desk isn’t picturesque, but it’s happy as a desk can be.
We never say a word, but it’s perfectly alright with me.
For when my heart’s on the floor, I just open the drawer
of my favorite guest. And what do I see? But a picture of me
working at my Good Old Desk. – – Harry Nilsson
Devil’s Advocate
I’m going to take a different tack today and examine the reasons why the stock market will just keep marching higher. The old “here’s why the market is going to fall right about now” doesn’t seem to be holding much water lately.
Before doing so, I must point out that the world right now is a contrarian’s dream (notwithstanding the fact that the market simply refuses to go lower. Ever.) Look no farther than this week’s Barron’s, which states that the market won’t crash (and I’m not making this up) for another thirty or forty years.
