Well the media has a clear message for the public, and this kind of article is slathered on every outlet you can find……..
So That’s It, Is It?
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.
Blasé
Well here we meet again. Yesterday, the /NQ was kind enough to offer a tidbit of some excitement as it fell fairly consistently and managed to cracked its Fibonacci level of 14,374.76. I see we’re taking a lunge at it now, and it will be worth noting if that line manages to hold for the day.
Hemming the White Flag
This is a new low. And not the kind of low I enjoy.
I can’t remember a time I’ve felt more despairing about the state of the market than right now. From June 16 to August 16 of last year, we had a two month ascent that I thought was the worst period of my trading life.
That was a walk in the park – – a party – – a festivus – – compared to what’s been going on for the past eight months. I say again, EIGHT MONTHS. I could actually argue twelve months, but October 13th was nominally a lower price point in the market, so I’ll just say eight, even though the easy part of the market stopped cold on June 16th, almost an entire year ago. It’s been pretty much a slog ever since.
(more…)Like Mama Always Told Me….
Deep Depression
No, no, this isn’t about my state of mind. There’s a limit to how much I’m going to turn this website into a lifelong therapy session. I am referring to the depressed state of the VIX. I am seriously stunned just how low this thing is going. As of this composition (within the trading day on Tuesday) we have matched the levels last seen in mid-2021, which was two years ago.
