Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
The trend since April Fool’s Day has been relatively clear:
I guess there really is no meaningful limit to how much crap people will buy to try to fill that inner void. Just incredible:
I shall refrain from the magnum opus of obscenities I would like to type right now and simply say: goodness gracious me, this market is annoying. Here’s what the NQ did from the opening bell forward:
If you need any indication of just how dull and un-bear-ish this market has become, look no farther than our friends at ZH. During market mayhem, they have an absolute ball dissecting it. When markets basically go up 1% a day without fail, they turn their attention to any other bad news they can find and stick to it for a while. Years ago, it was the Fukushima nuclear reactor. These days it’s Tesla cars that are crashing or bursting into flames. When the market isn’t blowing up, something else always is.
For myself, I can’t really get interested in writing articles about the cars of minor celebrities bursting into flames, so I’ll just turn my attention to the most important driver of global equity markets, which is FANG. Some people say FAANG, so as to include Apple, but, meh, I’ll keep it to four – – plus a bonus mention of another stock.
We begin with Facebook, which managed on Thursday to push to a lifetime high, having utterly recovered from its embarrassing privacy scandal earlier this year (and I must say again, published reports about 10% of Facebook’s user base terminating their accounts in protest was simply irresponsible journalism).
Another day, another NASDAQ lifetime high. And what’s the driver? It used to be QE, but the central banks around the world have already turned off that spigot. The explanation is easier had by one acronym: FANG. Let’s take a look at the four components:
First there is Facebook, which got smacked down hard by the whole privacy scandal earlier this year, but now it just pennies away from its own lifetime high (or double top, depending on which way the wind blows).
Just got back from the Incredibles 2 show at Pixar; great fun!
Anyway, before I slump off to bed – – if there’s anything you need to see to convince you the excitement of early 2018 has been smothered to death, look no farther than the VIX chart. It’s just…………….sad: