As we drum our fingers, waiting for the FOMC in four hours, I offer you a chart of a company which inexplicably keeps lurching to lifetime highs: none other than IBM.
![](https://slopeofhope.com/wp-content/uploads/2023/09/slopechart_IBM-640x341.jpg)
Over decades, the stock seems to go through successive periods of consolidating and then entering a steady bull market of its own.
![](https://slopeofhope.com/wp-content/uploads/2023/09/slopechart_IBM-1-640x341.jpg)
To someone like me, though, IBM will always mean just one thing.
![](https://i.pinimg.com/originals/b0/bc/84/b0bc8491c301d6861a12c1ca0424d59c.jpg)