I’m starting to feel like a bit of a stranger on Slope. The reason is there’s so much optimism. I think the reason is simple enough: people have 2009-2021 on the brain. In other words, things were never allowed to get more than a little bad. And the bad never lasted long at all. So even the likes of Slopers have been conditioned to believe that bad news will not be tolerated, pain will not be permitted, and help will always be on the way. Indeed, strolling into the Slope comments section gives me a true Cramer zeitgeist:
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.
Earlier on Wednesday, I was bemoaning my completely ham-handed screw-up of a super-clean trade, which was go to very long the GDXJ (junior miners). This trade had everything going for it, but I managed to mess it up anyway! But I’m going to get that sour taste out of my mouth – – as well as the sour taste of anything to do with gold disappointing me so many times – – and offer up the notion that maybe, just maybe, gold miners make sense now.
Let’s start off with the EUR/USD, which has the Euro grinding down to, incredibly, sub-par values! My view here is that we might be setting up for a bounce up to that trendline.(more…)
Now that all the breathless anticipation of the CPI amounted to a hill a beans in the end, but here’s the projection for the Producer Price Index, which the last two months precisely met projections:(more…)
For cryin’ out loud, Mr. Fibonacci! You just won’t let go! This is seriously bonkers. Until the prices ESCAPE from this line, we’re just going to be banging our heads against the wall!(more…)