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.
I think the two-word phrase that captures 2016 for the bears is: “disappointingly brief.” Disappointing because all attempts to drive the market lower are aborted. Brief because the attempts to do so often last only a day, or a tiny bit more. 2009-2016 has been awful for the bears, but 2016 has simply been awful in a different way.
Let’s take a look at how the bulls seems to have finally clinched real power: first, the Dow Jones Composite has had its channel violated. Before we all kill ourselves, I just want to point out that this same channel was violated to the downside briefly (see both tinted areas), so it’s not a totally lost cause.
Brexit? Are you kidding? That is so two weeks ago. We are at this point a mere 0.5% away from the highest level (2134.72) in human history on the S&P 500. It’s looking pretty grim for the handful of bears that are left.
I did a post yesterday which stated, “The bull market in energy that started January 20th is over. I can’t be more plain about it.”. I was surprised at the reaction. There was a lot of jeering and mocking, and a new troll appeared to slam me (which got upvotes from some Slopers I thought were a bit more loyal than that).
And yet with a HUGE explosion higher today across the board, thanks to a killer jobs report, here’s what crude is doing:
Imagine what it would be doing in a weak market.
Anyway, it’s nice to know who my true friends are on my own blog. Sheesh. I’m going to keep focusing on energy shorts.