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.

A Fifth-Trillion Dollars

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It would seem by dark cynicism last night about the unimportance of the big trade news was well-founded. As always, this is about context. In a normal, rational market, a United States President openly declaring a trade war on the biggest economy on the planet and ratcheting it up with tariffs on $200 billion in goods would be a LIMIT-DOWN situation (followed by similar limit-down days, day after day, until he backpedaled). In this insane asylum, however, the NQ has already bounced 50 points off its panic low, and the ES is cheerfully healing itself.

bouncey (more…)

Trade Wars Good For The Market

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by Avi Gilburt, ElliottWaveTrader.net

If you read most of the analysis being published over the last two days, you would almost assume that the S&P500 should be crashing or be in a bear market. Yet, we are only 4% off the all-time highs struck early this year in the S&P, whereas the Nasdaq and Russell have made new higher highs this summer.

In fact, if you had read the analysis put out over the last two days when further tariffs went into effect, you would have to assume that Friday should have been a major down day in the US markets. This is just an excerpt from a bearish author’s recent article on the US market:

“Virtually all of the market headlines this week centered around the Friday imposition of tariffs by the U.S. on $34 billion in Chinese goods and the immediate reciprocation from Beijing. The duties kicked in at one minute after midnight and marked the most serious escalation yet in the burgeoning global trade war.”

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Our Glorious Leader

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My entire synopsis of the U.S. political landscape couldn’t be simpler: as long as the economy appears strong, and as long as there are plenty of jobs, Trump will rule the roost. Period. End of story.

The MOMENT………and I mean, the MOMENT………the economy is clearly faltering, he and his cronies are going to be thrown out on their ear (and stop having the right to grab the nation’s attention by tweeting stupid shit about the quality of the paint job on the Red Hen restaurant, for the love of God). But until then……….he is the MAN, no matter what people say. It’s the economy, stupid. No, no, more than that. It’s the economy, you idiot. End of story. END. OF. STORY.

Until then, I find this hilarious and chilling: