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.

Interview Just Like Gartman

By -

One of the most frequent guests in the world of financial media is the “commodity king” Gartman TuxDennis Gartman. In spite of his moniker, he chimes in far more on equities than commodities, and his nearly daily appearances on Fox Business, CNBC, Bloomberg, the trade show circuit, or whoever else will have him, have made him a glowing success story. At least if you measure success by being repeatedly invited back to share market opinions.

As has been pointed out ad nauseam in the comments section of many a blog (particularly ZeroHedge), Mr. Gartman, in spite of his efforts, appears to be wrong far more often than right. Many would say his percentage of being wrong is something approaching 100%, although my own informal analysis puts the figure at a kinder 70% or so.

Oh, and allow me to say this before going further: those of you who feel it clever to comment that people should just do the opposite or whatever Gartman says, or that there should be a triple-inverse Gartman Fund – – you should know the identical comment has been made, oh, thousands of times already, so what may seem clever and saucy to you is, in fact, tired and boring. So save your typing, because the thought you just had isn’t original.

Anyway……….. (more…)

Escape from Shawshank Redemption

By -

I am a big movie buff (some of you may remember I’ve even written a screenplay – – so, umm, any movie producers out there, drop me a line). When I love a movie, I’ll watch it a dozen times or more. Here on Slope, we’ve had some lively discussions about great movies, but one of the classics I never got around to watching was The Shawshank Redemption, even though it is consistently near the top of any list of great films.

Today I watched it, and I enjoyed it. I now understand why people like it so much. However, I was struck by the similarities between the movie and one of my favorites from my childhood, Escape From Alcatraz, which came out about fifteen years before Shawshank.

(more…)

True Believer Syndrome

By -

I’m going to start with a tale from about 180 years ago. In the early 1840s, a religious leader named William Miller believed the second coming of Jesus was foretold in the Bible with mathematical accuracy, and using a myriad of verses and tidbits from the Bible, he sought to compute as closely as possible when exactly J.C. was going to come back.

prophetcy

At first, he didn’t offer anything very exact:

Using an interpretive principle known as the day-year principle, Miller, along with others, interpreted a prophetic “day” to read not as a 24-hour period, but rather as a calendar year. Miller became convinced that the 2,300-day period started in 457 B.C. with the decree to rebuild Jerusalem by Artaxerxes I of Persia. His interpretation led him to believe and promote the year 1843. Despite the urging of his supporters, Miller never announced an exact date for the expected Second Advent. But he did narrow the time period to sometime in the Jewish year 5604, stating: “My principles in brief, are, that Jesus Christ will come again to this earth, cleanse, purify, and take possession of the same, with all the saints, sometime between March 21, 1843 and March 21, 1844.” (more…)

The Only Bearish Blog Left

By -

Slope, as you might suppose, is my favorite blog on the web. My second favorite, however, is ZeroHedge, and I’ve been an avid and daily reader for its entire existence.

Because ZH has been steadfastly bearish since its creation in January 2009 (which, interestingly, was pretty much the exact almost-to-the-day bottom of equities in general), the standard bromide out there is: “The bear market won’t start until ZeroHedge shuts down.”

Well, look, that’s NEVER going to happen. It’s far too successful a site. I obviously have no clue what their financials are, but they’ve got to be making hundreds of thousands of dollars a year (at least) on ad revenue, so they’re not just going to turn the switch off. (more…)

He’s a Lucky Man

By -

I seem endlessly drawn to documentaries about broken, emotionally-damaged men (gee, why would THAT be?) and I just finished watching something which might top them all: Gilbert.

I first learned about this movie a couple of months ago, and the post’s title, This Looks Great….Can’t Wait hints at my feelings about it based on nothing more than the trailer. I’m not normally inclined to pay to see stuff, but in this case, I cheerfully paid the $3.99 to YouTube to watch the documentary, and it exceeded my best expectations. For one thing, it’s jam-packed with other comics……..

credits

(more…)