I suspect my surviving bearish brethren are starting to feel like this, given the violent assault the bulls have committed in recent hours:(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.
As frustrating and occasionally terrifying as this market can be over the past month, I am truly liking how equities are behaving. The /ES over the past week has been borderline comic, especially with that absurd run-up in the last few minutes of Friday. Predictably, we have been slipping away from the peak of the range, even though – – as we did last Wednesday – – the bulls try to probe higher and breakout, which didn’t work.(more…)
Our world is changing fast, and I think the pace of those changes is going to accelerate (and for the worse). Here are three quick anecdotes from my own personal life in the past few days; they aren’t really related except inasmuch as it shows the the tradition of human beings doing jobs seems to be on its way “out”.
The Bank Squirrel
As I suspect is the case with most of you, I do virtually all my banking online. There’s no real point physically going to a branch anymore. However, last year I saw that Citibank was literally giving away free money, and I wanted to take advantage of it. They were paying a $700 bonus for opening a $50,000 savings account, with the only requirement being that you had to leave the money in there for 60 days. I therefore opened a bunch of accounts for myself and various family members (since obviously one person is limited to just a single account for the promotion).(more…)