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.
I know I’ve voiced my disdain for Bitcoin on a Fundamental level. This is neither here nor there, however, as I have been skeptical of this since it was valued at $200 per coin and I was obviously proven wrong (so far). Regardless, I’m a chartist at heart. Just pointing out what I see in the short term.(more…)
Shiller S&P Trendline from 1871
If we plot all of the data, we see that current fair value for the S&P is around 1373, which gives us a overvaluation factor of 2.8, or 181%. The S&P hasn’t been in the 1300s for more than 10 years, that’s like the Dark Ages for many of today’s traders. In 10 years fair value by that trendline will be 2161. The S&P needs to drop relentlessly, year after year, for 10 years, to get to that 2161 target in the year 2032. Ludicrous, right? Fortunately, we can turn off ludicrous mode very simply. How? Adjust the data. Which takes us to…………(more…)
If I have to buy something this year, I’m not buying Nasdaq stocks. Instead, here are two bullish looking emerging markets, the international powerhouses that are Argentina and Greece.
Argentina already broke out. Greece is back to resistance(more…)