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:(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.
Don’t Trust The Bottom Line
Comment of the Day
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:(more…)
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………..(more…)