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.
It’s a good thing I slept through this.
Below, on the /ES, the market climbed for much of the night for no particular reason. Yesterday we broke out above resistance, and overnight the market bested even that insanity, egging the bulls on based on assurances from their dizzy leader that the war is “over.” It would have been a dismal sight for your dear friend Tim.
I’m still flummoxed by the “drill, baby, drill” idiocy, since it seems like the U.S. has poked plenty enough holes into the Earth. Energy independence is a clear strategic advantage.
Monday and Tuesday were all about the bulls fighting back against the downtrend. It certainly helped them that Trump said repeatedly that the war was already “won” and that the price of oil was going to “drop like a rock” (or was like Iraq?)
Some people here worship the ground the man walks on. I prefer to do other things to the same ground. I am betting against this nonsense. The indexes will tell us the truth by deciding whether or not to stay beneath their respective dashed horizontal lines or not.
It's probably quite obvious that I put my best posts in the "prime time" just after the close and leave the silly infographics for the middle of the night. I made the mistake of putting up a good post at 1 in the morning, so it received precious little attention or discussion, so I just going to re-publish it now.
Long-time readers know of my disposition toward government, and by government, I mean any government, be it federal, state, or local. I consider them to be a magnet for waste, fraud, and laziness, and I daresay if every single government employee on the planet vanished instantly into thin air, almost all of us would be vastly better off (to say nothing of demonstrably wealthier).
The frustrating thing about government waste is that you can’t do a damn thing about it. you just have to live with the fact that your assets are going to the worst of humanity. Here in my fair city of Palo Alto I have read about countless instances of the kind of crap that makes me despise government more by the day. First, there’s this gem:
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