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.

Tempered Zeal

By -

Good morning ,everyone, and welcome back from the annoying three-day weekend. I had hoped we wouldn’t have to endure another federal-employees-get-paid-but-don’t-work holiday until Easter, but nope, in only a month there’s President’s Day (which is a holiday I’m sure we all celebrate with great zeal as we gather around the family table to recount tales of our favorite dead Presidents). Oh, well. At least we get a really meaty few weeks of earnings and economic news to keep us active.

Last Monday the market plunged and then rallied into the green thanks to the Fed’s endless support. Last Friday, the market did exactly the same thing. Thus, when I look at the all-red screen this morning, and the ES down more than 40 points, I’m pleased but not the least bit excited. At best, maybe we’ll get to “stair-step” this market down.

esfyt
(more…)