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.

Approaching Dow Fifty K

By -

If invading other countries is this good for the market, I guess we’d better get used to more takeovers. Greenland next, I hear? In any case, the Dow Industrials is many hundreds of points higher and within spitting distance of the never-before-achieved 50,000 level. Go back farther and farther, even as much as a century ago, and you can see how important this resistance line is.

(more…)

Caracas Muchachos

By -

On the heels of the major international news of the U.S. abduction of the President of a large nation accompanied by military action, asset markets around the world shrugged their shoulders. Indeed, some of the reactions are quite the opposite of what one might expect. For example, if anyone thought seizing Venezuela was all about getting “cheap oil”, take a look at what crude oil futures are going this morning.

(more…)