
An oil derrick at dusk. Image via Laredo Petroleum.
(more…)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 all started the day after the election (reminder: we don’t talk politics here; I am simply putting a stake in the ground with respect to a date). After the Presidential election was over, the market starting going from Insanely High to Laughably High, and it hasn’t even stopped for breath. Just look at the Dow Composite:

Well, it seems that the markets sure do like what the President is saying during his SOTU – – or at least are embracing the fact that asset inflation is going to continue to run wild. Here we see the small caps (/RTY) roaring higher:
