Yemen Sample
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.
Future Schlock
As a child of the 1960s who was kind of a child futurist in the 1970s, I found this video entertaining:
Worst. WW3. Ever.
There are a couple of uncomfortable truths I recognize: one, this website is more popular when the market is down, and two, there is no guarantee anywhere that the market will ever fall again in a meaningful way. None.
As far as we know, the market will go up double digits every year for the next fifty years. It isn’t impossible, and considering how the market is shrugging off ALL bad news lately, it seems like almost a foregone conclusion.
Having said that, here is just a sampling of where the cash indexes stand, which is basically a few microns under lifetime highs. Quite a few ETFs are already there (having benefited from dividend adjustments), and in the case of the NASDAQ 100 index, its high today was literally 99.999% of the lifetime high from February 19th. Very close, but no cigar!
The Russell Analog
The meandering Russell 2000 is continuing to drive me bonkers, but I wanted to offer myself, and you, a bit of longer-term perspective. Here is the kind of activity I’ve been tracking on the /RTY, with the salient portions highlighted.
State of Confusion
In my posts on 3rd June and on 11th June I was putting the case for retests of the all time highs on SPX and QQQ, and potentially also on DIA and IWM. In the event that equity indices went higher from there I was also giving targets for that.
In my post on Friday 20th June I laid out a possible short term retracement scenario that I said I didn’t like but was potentially on the cards, and that didn’t happen, despite the US joining the war against Iran over the weekend.
Since the weekend that modest bearish scenario has collapsed, SPX and QQQ have made new highs for June, oil futures fell an amazing $14 from high to low yesterday as fears of an extended conflict in the Middle East receded.
(more…)