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.
Moment of Truth (by XerxesTraderGF)
This won’t be a long post. As is obvious, this 3900 has become the next nexus of price discovery for this market. I would first note that I think we ultimately break 3900 but bear with me through these two scenarios.
Zillionaires
So if you were able to seize the entirety of all their assets and somehow liquidate them at present market value, they could pay off one-third of the debt of just one country. Ours.
I Had No Idea……
Truly, I have lost the forest for the trees.
Each day, I am examining the market so closely, I sincerely have lost sight as to just how vast the damage has been to equities. A perfect example is Intel. It peaked in April of last year. Now it’s down about 60%. This isn’t some fringe biotech startup. This is the world’s largest semiconductor company. I honestly had no clue the wipeout was this gargantuan for a major player. As this bear market makes it way from sector to sector, the trillions lost are going to be absolutely historic.
Sentimental Reasons
This week has been jam-packed with economic reports (while next week will instead be dominated by Pencil Dick ‘n’ Friends), and the last report to tumble out will be on Friday morning by way of the Consumer Sentiment report, released half an hour after the opening bell.
I’m shocked at how far, and steadily, this is falling. Consumers are pretty much hating life these days.
