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.

Brilliance a Century Past

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One of my great pleasures each weekday is reading David Stockman’s Contra Corner, to which I am a cheerfully paying subscriber. In reading this evening’s edition, I was mightily impressed at a quote written by a man about whom I was unacquainted: Randolph Bourne. At the tender age of 30, Mr. Bourne was writing some extraordinary prose with respect to war and the nation-state. As the article declares:

He felt that with this great mix of cultures and people, America would be able to grow into a trans-national nation, which would have interconnecting cultural fibers with other countries. Bourne felt America would grow more as a country by broadening people’s views to include immigrants’ ways instead of conforming everyone to the melting-pot ideal. This broadening of people’s views would eventually lead to a nation where all who live in it are united, which would inevitably pull the country towards greatness. 

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Riding Out the Storm

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Between Market Sniper’s death, and the nearly 50% rise in the market over the past month, I’m in a worse-than-melancholic mood. I wanted to share a few thoughts about my own risk disposition.

From late February through late March, I felt like Charles Lindbergh waving to the crowds of Manhattan during a ticker tape parade. From late March until late April, I felt like I was tied to a chair while the ghost of Charles Lindbergh urinated directly into my face. It’s been miserable, even though year-to-date I’m probably ahead of way more than 90% of traders. But still – – Jesus, man, I’ve hated this month.

It doesn’t help that the ES seems absolutely poised to break above its bullish cup with handle pattern.

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