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.

What Didn’t Break?

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After some rough sailing on the crypto seas, one might assume it was a total disaster. Not at all. There was some damage, to be sure, including the chart I’ve focused most upon, Bitcoin Cash ($BCH). But even Bitcoin, which suffered the worst crash on a dollar basis, only gave up the gains it had experienced over the past dozen days. Here is a sampling of some of the alt-coins that took no meaningful heat from the downturn and remain bullish formations:

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Comment of the Day

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First of all, hats off to TNRevolution who, non-partisan that he is, cheerfully jumped on board the corrupt Powell train and rode the oh-so-predictable bounce to its inevitable conclusion, in spite of chastisement and chagrin on my part. I will note that I am still ahead of him in the Top Ten.

May I present to you what I consider to be the most fitting comment of the entire day. Unfortunately, it’s from ZH, and not here, but it beautifully captures the course of events:

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Natch

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As it always does, the selloff today ended not long after the market opened – – indeed, just twenty minutes into the cash market. The good people in Washington, D.C. once again did their duty and bid prices back up. Some sectors, particularly those tech-related, have been sold off quite hard and are prone to a more meaningful bounce. You’ve got such disasters as Peloton………..

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