It’s evening now, and the US dollar is ever-so-slowly melting away versus the Japanese Yen.(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.
Allow me to point out an interesting reversal pattern on the Russell 2000 futures (/RTY). That stupid end-of-day run-up was actually the picture-perfect bounce toward the resistance line.(more…)
I hated Monday morning. Hated, hated, hated. And, even though it was just a few days ago, it’s clear that the assumption behind the mega-rally was as follows:
- Pfizer’s Covid-19 vaccine is 100% effective;
- It will be distributed immediately;
- 100% of the population will take it;
- People will immediately return to living precisely as they were living in December 2019.
Bullshit, bullshit, bullshit. Every single one of those things is absolutely false.(more…)
Howdy, folks. Even though 99% of you would never notice, there was a component of Slope’s infrastructure that got automatically updated by the publisher (gee, thanks, fellas) and has some issues. It mostly affects the sexy and cool marketing pages, but there’s also some other stuff it has affected, so my day is kind of taxed with that technical issue.
Thus, I don’t have as much time to crank out fresh content as normal, so I need to toss out another comment cleaner. It’s sincere, though, because I’ve always been crazy about Bruce Vilanch, but he has the most amazing t-shirt collection in human history.
If I had access to the CEO of Pfizer, a giant vat of their blue pills, and a pool queue, I would have a good chance of exacting revenge for the ridiculous insanity that took place on Monday morning. I’ve never traded Pfizer in my life, but obviously the cute stunt they pulled had a worldwide effect on all assets. Now, a few days later, almost all of the thrill is gone.(more…)