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.
Here’s the daily S&P 500 cash index. It’s kind of pretty, in a way, although it also appears to be wholly incarcerated. Indeed, it’s getting a bit comic at this point. Totally range-bound:
It’s been nearly 30 weeks since we’ve had any meaningful, sustained weakness in the market. Sad!
Over the course of the past seven years, I’ve had no shortage of charts and time cycles sent to me saying that once THIS thing happens (and you can fill in the blank as to what “this” might be) then the market will turn down hard and fall persistently. Well, “this” hasn’t made one bit of difference, at least not beyond a couple of days, for many years now, so I am understandably cynical (if you need proof, look no further than Brexit).
I will say, however, that there is a confluence of information I’m getting about the weeks ahead that I find interesting, even if it means a relatively brief downturn. I won’t divulge the information that’s been shared with me confidentially (and it’s not CIA stuff, folks; I just don’t like sharing charts that have been sent to me without the permission of the creator), but my confidence about this autumn is pretty good.
I have a deep and abiding love for movies, particularly dark and depressing ones. Magnolia (1999) by the brilliant P.T. Anderson is particularly dear to me, and this one scene in particular is one which I have soaked deep to my soul:
Since I had a good day, I wanted to provide our savior Marty with an encore performance. For the uninitiated, this clip is of a ventriloquist’s dummy preaching against the sin of pornography (I suppose because it would give him wood or something), and – – fittingly – – a verse from the Biblical book of Timothy is offered. We needn’t go into the conviction of the (lame) ventriloquist again, since long-time Slopers are all too familiar with his cannibalistic tendencies. Enjoy………
