Well, I’m having a good day, thanks largely to crude oil getting its shiny little spheres kicked in. My DRIP position is up over 10% from my purchase yesterday morning, and commodities in general have, at long last, seem to have reversed:
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.
The Path of Totality
Exactly one month from today, a total solar eclipse will sweep its way across the United States.
I first read about this eclipse back in the 1970s at Audubon Elementary School in Baton Rouge, Louisiana. I made a pledge to myself that I would see the total eclipse when it happened, and after all these decades, it’s just about here.
Of course, I’m somewhat possessive about this eclipse, because it’s been in the back of my mind since Jimmy Carter was in office, and these days some people are just finding out about it. Feh! Where have you people been? In any case, it’s said this will be the most-watched eclipse in human history and may also be the largest human migration in human history (since so many people are within driving distance of the totality):
Not Giving Away My Shot
I’m off to see Hamilton tonight, everyone. This was my Christmas present to the family and now, seven months later, we finally get to go. Here’s a clip (go forward to 2:16 to skip all the nonsense):
Debt in America
Via: InvestmentZen.com
The Wheels On the Bus Go Round And Round
Apologies for the intermittent updates over the last couple of weeks. It’s been very busy and I’m hoping to get back to posting every day again next week.
So another round of new highs and I read that the Vix has fallen to a 24 year low this week. There is an emerging consensus that equity indices will never drop meaningfully again and SPX and NDX are getting close to some big round numbers in the 6000 and 2500 areas respectively that are likely to develop a magnetic pull the closer SPX and NDX get to testing them.
So is it time to write off the bears altogether? Well we’ll still likely see at least retracements when the setups are right for them and as it happens the retracement setups are looking pretty good right here, though to develop negative divergence on the daily charts we would likely see retracements and then marginal new all time highs on both before any larger move. Those marginal new all time highs, at this point, could test those big numbers at 2500 and 6000.
