Beloved Sloper NYUGrad was kind enough to send along some photos he took on Wall Street to share with us. Here they are:(more…)
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.
Human nature is a funny beast. Doesn’t it make all the sense in the world that history’s biggest IPO, based entirely on Saudi Arabia’s accidental oil wealth, would go public just days before a monstrous collapse in the commodity? (Please note this chart is sadly out of date and does not include the oh-my-God drop that has just taken place).
During yesterday’s momentous 2000+ point breakdown, I forgot to mention yet another fact that cements this new Bear Market into reality. The DIA trendline is broken. I’m not talking about some intermediate term line. I’m talking about the biggest of the big. Today’s rally did a gorgeous job pushing us right back to the price gap.(more…)
I just heard that New Rochelle was being cordoned off:(more…)
There is lots of “air” below Monday’s closing price of 22.81, as shown on the monthly chart below of the U.S. Financial Sector (XLF).
Major support lies at 20.00, while major resistance (formerly support) is now 23.50.(more…)
As of Monday’s close (2746.56) (it’s a full moon today), the S&P 500 Index (SPX) is -18.89% from its peak at 3393.52 on February 19 — just 1.11% from reaching ‘bear market’ status — amid a sea of red following a meltdown in global markets.(more…)