I’m working on a post that I intend to publish this afternoon, and in doing my research, I stumbled upon the video gem below. It is a brief bit from a 60 Minutes piece about the (at the time) red-hot, multi-billion dollar firm Razorfish (For those who didn’t survive the dot-com mania, incredibly stupid names were de rigueur.) Anyway, give it a watch, because it’s hilarious how overconfident and douchey this pair of (at the time) incredibly rich “entrepreneurs” behave trying to answer a basic question.
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.
Oil W.A.G.
Well, SlopeCharts knocked it out of the proverbial chart park yesterday morning with its oil prediction. Let’s stumble ahead into another wild-assed guess, and it is this:
Emerging Markets Island Reversal
Torpedoed
Yesterday morning, in my Oil Roiled post, I wrote:
I suspect the next level of support for crude will be around $50, both because this is the next Fibonacci retracement level but also becomes humans are weirdly hung-up on Big Round Numbers.
Let’s check in with an updated crude oil chart, with my “around $50” level tinted:
Road to Nowhere
Over the past eighteen months, the market has been absolutely flooded with money. In 2018, U.S. companies poured well over $1.1 trillion into buying back their own stock. In 2019, they’re doing the same thing, but at an even faster pace. Central bankers around the world have managed, intervened, and blasted a firehose of cash any time the market dared descend a tenth of a percent. And a hapless public has, of course, been gobbling up everything from Pinterest to Beyond Meat.
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