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.
Well, for the market’s favorite reason – – which is no reason in particular – the /ES has zoomed about 100 points higher, and the bulls are cheering and shrieking and framing posters of Tom Lee and Jim Cramer in their bedrooms. Here we see the /ES has broken above its recent high:
Well, since China continues to completely fail in their obligation to nuke Taiwan, the equity markets keep ripping higher, since evidently a couple of weak days this year (June 9th and 10th) was all that was required to undo the damage wrought by the past thirteen years of screw-ups and $32 trillion of bull welfare. Oddly, in spite of the bulls smirking and fellating their way to victory, I’m having quite a good day, thanks principally to the fact that oil is crumbling (in spite of its enormous pop early today). Here we see this by way of SlopeMatrix:
My God, this market is annoying. Totally, ,totally annoying. It changed from a straightforward bear market to a goddamn ping-pong match. Here’s hoping that reality wins, instead of the morphine-induced fog of the past thirteen years.
Remember match.com? (Symbol MTCH)? I’ve written about it many times, and I highlighted it six months ago in a post called Favorite Featured Three in which I shared my three favorite charts for short positions. Every single one of these three isn’t just down, but has been blown completely to smithereens. Here are the percentage changes for the time since my post:
