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.

Dracarys

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I have noticed something about this rally off the crash low. It has a rhyme to it. I remember thinking to myself during the crash, and hearing other say, “It feels like the entire 2008 financial crisis is condensed into one month.”

We are seeing the something similar transpire with the bullish move off the crash low. The Fed is using the same playbook that launched the QE bull market, but at an accelerated pace.

First, let’s take a look at a chart of the history of QE that Tom McClellan posted to his Twitter feed on April 5th. You can see from the chart that the stock market nicely traced the path of QE up until 2017. Much of what transpired after 2017 was retraced during the crash.

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An Overflow Of Good Converts To Bad

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I have a Shakespeare theme with the title today, which is a quote from Richard III. I am a lifelong Shakespeare lover and have been using some of my quarantine time watching film versions of some of his plays, of which I have about thirty or so in total, many of which were beautifully done. Over the weekend I was watching The Tempest 2011 with Helen Mirren, Macbeth 2015 with Michael Fassbender, and Roman Polanski’s Macbeth from 1971, controversially filmed just two years after the Manson Family tragically murdered Polanski’s wife Sharon Tate and their unborn child.

All good films, though I do struggle with Shakespeare’s great tragedies as I find the main protagonists very unsympathetic. Hamlet is forever looking for excuses not to act, King Lear brings ruin upon himself through his foolish actions at the start of the play but the strangest of all to my eyes is Macbeth.

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Odelay!

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This is a profoundly hostile environment to bears (which I suppose can be said 99.9% of the time in these completely fake markets). Even so, before the day is out, I am going to add these seven stocks to my short-sales portfolio. Every one will be a small position, as this are particularly speculative. I have placed my own stop-loss levels in the caption of each chart.

stop loss price: 280.00
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