As I’ve mentioned, I’ve ceased my habit of checking out the “weekend betting” site to see what the markets are doing, because it’s just useless, wrong, and a waste of time. I haven’t even peeked in weeks. I did look, however, at the actual market when the Globex opened, and after the gap down, all of the predictable, boring, and unfunny “it’ll be green by the open” comments tumbled in. I just had to say something.dRead more
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.
You would think it had all caused me harm, what with all the fuss I made about the market’s rise. It’s just the insanity of it all, though. And I’m not trying to be a drama queen. Or king. Or any kind of emotional royalty. This has simply been insane. And that is a word I freely use, even having lived through the mayhem of 1999/2000.
The NASDAQ, of course, slipped right over the Big Round Number of 10,000, and the permabulls couldn’t be happier. Sort of like the effect the Big Round Number of 5,000 had back in March 2000, just before the 83% collapse.(more…)
No visible means of support and you have not seen nothin’ yet
Everything’s stuck together
And I don’t know what you expect starring into the TV set
Fighting fire with fire
It is a terribly difficult time to be a thinking person. Almost agonizing.
Hey, hold up there, Tim-bo. I’ve been buying stocks, and I’ve been doing great! I’m a thinking person!
No, you’re not. You’re opportunistic. You’re profitable. But you’re not thinking. You’re just in the right place, at the right time, with the right disposition.
I say again: this is a terrible time to be a thinking person. The more stupid you are, the better you’ll do. The more cloying, the better. A sycophant? You’ll thrive.(more…)
Warning: Honesty dead ahead. The stuff you don’t see on any other financial site. Because they have too much good sense to be truthful.
Days like today are enough to make me want to curl into the fetal position and just rock back and forth………(more…)
I have been fuming – – absolutely fuming – – about yesterday’s absolutely ridiculous, reason-less, base-less, out-of-the-blue surge that took place in the markets. It has been a searing obsession in my head.(more…)