Oh, Lord. Is this seriously what we’ve got to look forward to until January 5th?!? The /NQ is a dead man’s EKG.
Stockinex
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.
An Agonizing Success
Volatility Ready to Return
Four days of plunging, but this is about to end…………..
Rationalize THIS
Yesterday evening’s Nvidia earnings slapped on trillions of dollars of recovered market value to stocks around the world. The chart of the /ES below shows the beneficial effect of the NVDA news (green arrow). This was augmented, but only slightly, by the jobs report which showed the unemployment rate had increased to 4.4% (more realistic figure: 24%) and that monthly earnings had increased less than expected (0.2% instead of 0.3%). Thus, as shown by the red arrow, the /ES got up to about a triple-digit overnight increase, with the /NQ up almost 500 points. Zowie!
ANOTHER One?
As an equity bear, my anxiety has made a shift. It has changed from:
- “This is unbearable. When’s this gonna end?!?!?”
to
- “This is great! When’s this gonna end?!?!?”
As you can see, I am malcontented.
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