Food for thought, in spite of the enormous rally today – – check out this ratio chart:

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.
Click here to join your fellow Slopers as we watch and react!
I am so bored right now, with the market completely stuck and waiting the FOMC, I decided to mess around with more AI Art. I issued the query, “show an adult man sleeping next to his computer while CNBC is playing on a television near him” and the results are pretty good!
In 2021 and 2022 we called the Federal Reserve “tardy” on several occasions as they doggedly held to their “transitory” inflation stance long after reasonable people (using the right indicators) would have given up on such a notion. In this May 2, 2022 article we noted that they had finally started to move… too late.
Eggheads tardy in doing the right thing
It’s not like I didn’t say anything. A full week ago, I brought your attention to the take-down that my heroes at Hindenburg had come out with about this lard-ass Adani from India. Let’s just say maybe there’s some truth to what they found out. Adani’s response, by the way, was a nearly 500 page pile of crap which, in a nutshell, asserted “they just don’t like India.” Anyway…………