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.

OK, Doomer

By -

I keep my eyes wide open all the time

I keep the ends out for the tie that binds

Because you’re mine, I walk the line

Johnny Cash

Complacency never higher. Fear never lower. New highs every day. Such is the market we’re in. In the future, we will look back at these times and marvel. For now, some of you can consider it as Normal As Apple Pie. It isn’t.

Below is the intraday chart of the ES. There are two things of note:

  1. I’ve tinted each successive downturn. In every case, its depth (in points) and length (in days) is smaller and smaller. It’s gotten to the point now where if the market does dip, it does so for literally just a few minutes. You can’t even see the dips anymore.
  2. I’ve marked with an arrow the lifetime high close, which just happens to be precisely on the underside of a trendline that goes back to the December 26 2018 Steve “I’m a shameless scumbag who would sell my soul for a buck” Mnuchin bottom. As always, click any image for a big version.