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.
I spend so much time with my hat held gently in hand, sitting politely, explaining why, yes, the market could just keep going higher – – that I’m going to break with that and actually share – – GASP – – why we might actually be heading lower. I know this is a violation of everything the world holds sacred, but let’s give this a shot.
First, there is the Dow Jones Composite. It has broken its trendline. Period. This isn’t a matter of interpretation or speculation. It’s simply read. The trendline broke, and when it attempted to make (yet another) lifetime high yesterday, it was repelled by the trendline, whose job is now RESISTANCE instead of SUPPORT. That’s how trendlines work.
My home of Palo Alto, California, has been in the news a lot for the past couple of weeks for reasons we needn’t explore here. I’ve written about my town many times before, including this post from three years ago in which I explained how the city had hired guards to stand alongside the train tracks in town to try to make sure students weren’t leaping in front of express locomotives to escape the pressure of being someone’s child in this town. At present, I think the city is spending about $1.5 million a year on these guards. I pass them every single day, and you’ve never seen a human more bored.
I was reminded of the subject of Palo Alto children today when I saw this on the front page of our local newspaper, the reading thereof being a rigid morning habit of mine:
Quite a day, isn’t it? So far, so good. For no particular reason, here’s SNAP. It has fallen SEVENTY FIVE PERCENT since it went public to all the retail bag-holding millennial pinheads out there.
I am crazy busy right now (YOU trying managing 70+ positions!) but wanted to tip my hat once again to emerging markets, which has been ungodly consistent all year long.