This is truly comic. They aren’t even trying to hide it anymore.
Day Thirteen
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.
Three Post-Close
To my mind, the earnings season actually begins this afternoon. All the bogus bank earnings don’t mean much to me, because when you’ve got an multi-trillion dollar backstop from the government, you aren’t running a business. You’re just in charge of a government agency. The real businesses start reporting after today’s close. Below are three of note. The first is United Airlines.
Permabulls Say What?
The most shamelessly BUY EVERYTHING site in the universe. ZH is now little more than a mouthpiece for the investment banks. Formerly a brother-in-arms, which is why it bugs me so persistently.
BAC Up the Truck
Well, slip me into a pink taffeta dress and call me Peaches. This is a bit of a surprise so far. After being absolutely petrified (actually, I was pretty damned cool about the whole thing, as I hope my tone in the prior post conveyed), it seems that the bank-driven bulls swiftly ran out of mojo.
Market Got BAC
Good morning, Slopers. Well, the wind continues to fully inflate the sails of the U.S.S. Bullish, as the world’s most protected and enriched “free” enterprise sector, the big banks, continues to produce excellent earnings. It’s sort of like celebrating that the Army and Marines secured funding for the year. It’s kind of a guarantee. In any event, the /ES has pushed based the Fibonacci retracement (red line) and is sporting a very saucer dish, ready to rock higher.
