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.
First, I want to acknowledge how I have not been my usual prolific self. My disposition toward my health is binary: I am either (a) immortal or (b) at death’s door. And (b) does not require anything severe. If I am anything less than absolutely healthy, I become consumed with whatever ailment I’ve got. Annoying muscle pains over the past week have kept me in full blown I’m-going-to-die-any-second mode, but I think it’s abating now. It makes me even more joyful to be around than usual.
Not that anyone asked.
In any case, you know me better than to think I’ve actually been lazy. I continue to work 7 days every week, thinking of little else except Slope and how to make it better. Most imminently , our long-anticipated Mobile App should have its official launch on October 1st, and our increasingly feature-rich virtual trading is making steady progress toward a full rollout this autumn.
Well, it’s that time of year again – – late August, when the annual Jackson Hole conference o’ surprises appears. This article from Bloomberg makes it plain what’s coming up with the big closing speech this Thursday morning………..
If I see any more articles about how the stock market is clearly showing the “V-shaped recovery” is absolutely here, I’ll strangle whoever wrote it (metaphorically speaking, of course). There’s no recovery. There’s no bright future. There’s just the Fed and their fake bucks.
There is one, count ’em, only one, reason for the market’s rise, and that is Powell’s desire to prop up the stock market for the rich (of which he himself is a member, I might add). End of story. Powell’s cute little “aw, shucks, we’re doin’ it for the average guy” is worthy of the death sentence.
Below is the Federal Reserve Assets Held Outright and the S&P 500 by way of SPY. They are joined at the hip. It is absolutely nauseating to hear anyone to suggest anything except a 1:1 relationship between these two.