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.
Friday to Friday
Two Lines, Not One
Below is a chart of the SPY Please take special note of the two supporting trendlines I’ve drawn. They are BOTH anchored to the same starting point, which is the Covid crash bottom. Their other anchor points are different, however. One is anchored to October 6 of this year, and this line has been broken and we are beneath it at this very moment. The other, lower line is anchored to the December 3rd low, and by its very nature and definition it is unbroken.(more…)
Quoth the Rivian: Nevermore
In the latest joke of our clown world, here is Rivian, a company that has sold ZERO production vehicles, has ZERO revenue, and BILLIONS in losses. Last month, it was worth more than Volkswagen. I suspect strong price support will be found at $0 and in bankruptcy court. The year 2022 is going to be………..interesting.