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.

Whatever

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One of the earliest lessons I taught my children was that “whatever” was a much, much worse word than the word “fuck”. I never want to hear it. They know not to say it.

In this instance, though, I’m going to use it. Because there was a time that headlines from ZeroHedge like this one would get me all excited:

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After eight solid years of disappointment, however, one eventually becomes jaded. The central banks of the world aren’t going to suddenly wake up and decide to let the markets actually engage in true price discovery. They are going to keep their hands wrapped around the market’s throat until they can’t do it anymore. It could be years, or decades.

The hilarious aspect of this is shown below, which is a marvelous comment in the same article. It speaks for itself, and the author kindly provides links to every single one:

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As you can see, ZH has been trotted out these “The last time….…….” articles for years now. I think the best choice is to ignore all of them from now on.

Whatever.

The Steadfast Top

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I’m in sort of an odd psychological position, because I have the largest precious metals short I’ve ever taken on in my life (by way of JDST), and yet it seems to be more or less inversely correlated to equities. Thus, if miners are sinking (yay!) then equities are rising (boo!) and vice versa. So I’m never happy. Typical Tim.

Anyway, the equity top seems to be holding up, in spite of the bulls trying all week long to slash my throat again. The Dow Jones Composite, shown below, needs to stay beneath 7180.

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