I believe someone here – – today, even! – – was saying he didn’t really buy my whole “Animal Spirits” thing I’ve been talking about for weeks. I certainly hope the absolutely cataclysm we’re seeing across all financial markets PROVES the animal spirts thesis to be 100% spot-on.(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.
Any Advice for this Young Man?
Last year, when I did my ticker.art project, I hired a bright young man from Pakistan to do the artwork. He was a pleasure to work with, and his English skills were superb. Even though the project was completed long ago, we’ve maintained a friendly relationship, but this young fellow (early 20s, I think) really wants to GTFO out Pakistan, as you’ll read below. I offer this only to see if anyone has any clever ideas for him, or any angles I might suggest? He’s a good egg, and I’d love to be able to give him some good advice.
I wanted to discuss something with you, something that I’ve been actively working on but came to a dead end.(more…)
And Crypto Leads the Way
I am already beating my head against a wall for not being 1,000% short right now.
Current Trade Follow-Up (by XerxesTraderGF)
The past three trading days could not have worked out better. There was the perfect rejection of that resistance level of 4160 noted in my last post after being stuck in a very tight range and a great follow through once breaking down through support at 4080. The Friday close at the 3900 handle was equally enthralling. As most here noted, it is always good to be self-aware of your own excitement, because that is when things seem to turn. However, I’m going to lay out the remainder of my trade targets because it is just starting to get good.
I laid out my analog in the past showing the comparison between this market and previous bear markets. I actually added a few more into my analysis to try to be a bit more thorough (specifically 1968, 1981 and 2018). Each chart below notes 5 major inflection points.(more…)