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.
Tell Me the Answer
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…)Crooked
Triple Anecdote
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).
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