DOW is down six days in a row. For last two days SPX is opening huge gap down and recovering most of the losses by the end of the day. The fight has been going on hold the 1360 line but ultimately it failed today. An important Demark trend line was barely missed by a whisker.
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.
What A Day!
Before we discuss the market action and what is next, let me quote from some of my earlier posts. It seems that many readers do not really apprehend what is being said on a regular basis.
Good News is Bad News.
So what bubble Bernanke has created or creating to replace the housing bubble? I do not think we will get any prize to guess that correctly.
Weekend Musing
If Things Are So Bad In Europe, Why Euro Is Still Above Parity?
Things are not so good across the pond. ECB is unable to make the PIIGS pretty even with 1 Trillion Euro lipstick. (LTRO). Spain bailout is not a matter of if but when. Italy has just announced that their target for reaching budget target will be postponed by one more year. Given all that bad news, why is Euro still above parity? Why the commercials are long Euro week after week for last so many months as you can see in the COT report. What do they know that we are missing?
