Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
On September 6, with the ProShares UltraShort 20+ Year Treasury (TBT) reaching a new low (33.32) in its 7-month corrective process, we noted that “Dec-Sep correction could be at or nearing a downside exhaustion.”
Our RSI and MACD indicators showed a glaring non-confirmation of the low — and sure enough after the TBT dipped to a new low of 32.99 the next day, it went on to rally over the next four sessions, and reached a high of 35.25 this past Wednesday.
On that same day, Wed Sep 20, the Federal Open Market Committee said it will keep the federal funds rate in a range of 1-1.25%, but Fed officials intimated that they may raise rates one more time by year-end, and three times during 2018, in addition to starting Quantitative Tightening in October– the slow, steady reduction of its bloated $4.5 trillion balance sheet. (more…)
If you are anything like me – – and, trust me, I hope you aren’t, but just in case – – your head is filled with jingles and commercials from decades ago. For no particular reason, one popped into my head recent, which was for the 1980 Chevy Citation. “It’s the first………Chevy of the Eighties…….”
Now, even as a child, I had utter disdain for American cars, and the Citation was no exception. I intuitively knew they were poorly-engineered and slapped together by overpaid UAW employees, and thus, until the Tesla came along, I never bought anything built in the good old U.S.A.
Late in 2016, there was this widely-disseminated canard that proposed the “deep state” arranged Trump to get elected so that the economic collapse could be blamed on him. Although I’m not a conspiracy kook, in a fever of confirmation bias, I sort of “bought” that claim as well. Let’s see how the Deep State is doing, shall we? Here’s the Dow Industrials..….