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.

SRSously?

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Want to see a financial instrument that’s been carving out a series of higher highs and higher lows later, and has enjoyed a 15% appreciation since early August? Believe it or not, it’s that poor old battered beast we haven’t spoken about in years, the double-bearish ETF SRS:

1021-srs

To be sure, SRS has been viciously destroyed for years now, having peaked on a split-adjusted basis at $16,408.77 (yes, I’m serious) and presently trading at a level 99.8% lower than that. All the same, as my post earlier today about softening Palo Alto house prices suggested, we may well be past the peak of this particular bubble.

It’s Not Enough

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Damn this market. Every time we see a little bit of weakness, it’s still getting bought up. This morning, we opened down over 12 points. As I type this, it’s pushing against the selling, having trimmed its loss down to merely 8. It’s getting quite exasperating, because we need to cut through the entire “drop zone” I’ve tinted in green below to reach the promised land (which is looking not-particularly-promised), shown with the support line.

1021-es

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