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.
Only seven years ago, there had NEVER been a SINGLE American company that had ever had a market cap worth over a trillion dollars. Thanks to the Federal Reserve throwing us $38 trillion in debt, values have inflated massively, and multi-trillion dollar companies have become almost commonplace. Of the eleven members of this club, nine of them are in America, and every single one of them is high-tech.
In sharp contrast with yesterday, equities are bright green all across the board today. if you look at the big picture from April 7th, however, you can see how the uptrend has fizzled out. We have spent the past couple of weeks drifting aimlessly below the broken trendline, and the past five trading days in particular have been a total bore-fest, as seen with the DIA:
Well, Slopers, the founder of this site has once again proved his nature of “Amazing Chartist/Horrible Trader” by scaring himself out of the amazing PALL position (palladium) once more. Yesterday, for no logical reason, but based only on spooking myself that precious metals had gone up so much and surely would fall soon, I dumped my entire PALL position at a nice profit (arrow marks exit). Let’s just say the nice profit got a lot nicer. As I’m typing these words, Palladium is up about $100 more just overnight. Jesus, I’m dumb. So, so, dumb.
