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.

Hemming the White Flag

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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.

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Crude, Coin, and Co-Opting

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Let’s cover three topics on this sun-isn’t-even-up morning.

Crude Scheming Fails

As I hope you know, last weekend the lovely people constituting OPEC – – which are basically a conglomeration of nations that would have NOTHING to offer the world were it not for the fact that, by sheer accident, a bunch of dinosaurs died beneath their ground hundreds of millions of years ago – – got together in their market-manipulating cartel and declared that, once again, they would SUPPRESS the natural energy supply in a shameless attempt to maximize their profits. As the arrow indicates, it worked great.

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PREMIUM: Inverted Ripples

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Bumbling Toward Bankruptcy

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Hold the phone. Stop the presses. Don’t touch that dial. I’ve just discovered to most woke website in human history.

See, my original intent for this post was prompted by noticing that Bumble (symbol BMBL) was at yet another lifetime low and has lost about 83% of its value so far. Such a post would take me about four seconds to create, since I’d just show you this chart, audibly chortle, and then move on. So here is the disaster du jour:

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