The lows for the week are being valiantly defended. This could be the major bounce zone. I’m out of my big SPY short. If this level fails, well………
Vital Support Here
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.
Massive Retail Failure
Well, just about the only thing left that countless millions of people cling to to give their bankrupt lives some kind of meaning is failing. The seven year support level for retail has been breached. The world continues to collapse into a heap, aching under the weight of a hundred trillion dollars in debt that will never be repaid. Enjoy the show. Slope is your front row seat.
Even the Bonds
Anything that is an “asset” is falling. Equities. Gold. Bonds. You name it. I’m short everything. Absolutely everything. TLT just breached another support level.
Core Failures
Millennial Masochism
Twenty-somethings have never been through a bear market. As they like to say, “Stonks only go up.” Heh. Heh heh. Oh, you.
Anyway, their logic doesn’t extend beyond, “I like pot. I like jeans. I like concerts. I’ll buy stocks that have to do with those things.” You can see the results for yourself. And they’re all going much lower before this is done.
