Time To Move On
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.
Fear Flees
The increase in the VIX value took weeks, but in the past three trading sessiosn, most of that lift is alrady gone. The interesting thing about this from a chart perspective is that the price bars are behaving like a normal financial instrument, and “support” for the $VIX should be found right about where we are just above the green tint.
This Isn’t That Bad, Fellas………
It was only a few weeks ago that the asset markets were at the highest levels in the history of the universe. We have recently seen a tiny bit of slippage in the form of a few percent here and a few percent there, but that little paper cut is enough to make this the top story over on /wallstreetbets:
Another Lower High?
It may seem odd, but it’s only just occurring to me just how badly the market got wiped out, particularly on Friday I had sort of been taking it stride, but the abundance of “I turned $500 into $17,000” posts in /wsb made it dawn on me that, yeah, trillions of dollars of market cap have been destroyed in just days. I wonder, however, if this is just the umpteenth “lower high” in the VIX, and we’ll be subject to yet another multi-month “recovery” which is oh-so-boring compared to the blast we’ve been enjoying lately.
Drone Dud Rally
The supposition going into this weekend was that all holy hell was going to break loose and that markets would plunge, oh, right about now. Instead what happened was that Iran sent hundreds and hundreds of weapons to Israel, and they were all neutralized. So, yeah, kind of a dud, and this is clearly reflected in the plunging VIX (my concerns expressed on Saturday morning’s video about the VIX are being fully realized here).
