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.
Let us begin with a thesis:scarcity breeds excellence, and abundance produces garbage.
I am compelled, naturally, to write about this topic thanks to yet another multi-trillion dollar federal boondoggle, this one in the form of the “once in a generation opportunity to invest” announced by the President. Of course, this statement implies that the federal government has been cautiously and conservatively watching every penny for years and now, at long last, it will finally loosen the purse-strings and actually spend a bit on the country. This is, of course, patent nonsense, as the $28 trillion in debt incurred by countless years of government waste, quite plainly attests.
I’m the last person you’d expect to read this from, but – – could crossing the 4,000 on the S&P 500 just be the start of another massive up-leg in the market? Wait, Tim, what? Are you crazy? Well, I refer once again to this chart:
Over 4,000 on the S&P 500 has been achieved, and just about every asset on the planet is jumping for joy. As the resident sourpuss, I would like to present seven charts below that have the same thing in common: a fundamental breakdown in their uptrend, with recent strength merely pushing the price back to important areas of resistance.