Let’s celebrate the reversal! Time for some Devo, the coolest group of all time. This video is from decades ago (since the boys were pretty much the most innovative out there and led the way on music videos) but has probably my favorite moment of any music video, which is the fat guy trying to drink a milkshake while on an “exercise” machine. Also take note of the cameo appearance by Laraine Newman (spraying from the tree), who was Mark’s girlfriend at the time.
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.
NASDAQ’s Not-Meaningful Drop
At first glance, it would seem the swift swoon on the NASDAQ was kind of a big deal, since it’s been such an unstoppable monster lately.
Servers with a Smile
Okay, this is about the most random post ever, but moments ago I stumbled across an image floating around my hard drive I had forgotten about: the server map to Prophet. This used to be hush-hush, super-secret stuff, but now I can share it with everyone, since these servers were scrapped ages ago. Instead of naming them something boring, I decided to use names of sins and virtues. When we ran out of those, we came up with heroes and villains (leading to instances of someone screaming “Stalin is down! Stalin is DOWN!”. So……..here they are:
Tame-flation Spike
The monthly CPI numbers came out, and even though prices are going higher, I guess the market was relieved. (CPI trend chart below from ZH):
Bonds and Related Indicators, From NFTRH 490
This morning’s post highlighting Jim Grant’s bond market/interest rate views (by way of Heisenberg) prompts me to reproduce publicly NFTRH 490‘s short bond segment. I may be known as the guy calling yields to decline but in context I am the guy calling for caution at a potential limit area who has appropriately called for yields to rise and decline all through the bond market’s recent history. It is important not to get lost in bias or dogma.
Bonds and Related Indicators
Long-term yields lurk just below our targets of 3.3% (30yr) and 2.9% (10yr). The yields on the short end remain relatively strong as evidenced by the flattening yield curve. This remains a positive macro picture (whether manipulated or not, my job is to play it straight and convey the message of the bond market, not to wear my tin foil hat).
