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.
I stumbled upon a creation called the Euphoriameter which uses a combination of sentiment, PE ratios, and the VIX to offer an overall composite about how giddy folks are about buying stocks. It’s close to its highs right now, but far more interesting to me is how the stock market is making lifetime highs whereas the Euphoriameter, to date, has simultaneously made a lower high. Take note the similar divergence would took place in 2008.
Want to know the kind of mental illness that the anti-Christ Yellen has created in the United States? Read this top-rated post from WSB. The guy isn’t joking. He’s dead serious. And this is EXACTLY what people think the stock market is like. Check in with this guy in a year, and see what bankruptcy attorney he chose from Yelp. READ THIS………..
After years and years of waiting, the entire crypto world is giddy with excitement today as the SEC has pledged to give its presumed blessing to some number of Bitcoin-based ETFs. In a rather comic event Tuesday, the SEC’s own X account was hacked and used as a platform to delivery the big news that ETFs were approved, which caused $BTC (below) to spike briefly but then collapse when the fakery was discovered. If nothing else it gives you a bit of an idea what the market is willing to pay in an BTC-ETF world, which isn’t a heck of a lot higher than we’re at.
What this chart suggests is that, in times past when equity participation by the public was this high, the market entered a very lengthy period of just grinding away in a huge range. The point being, now that everyone has been sucked into the market, what’s going to drive it endlessly higher anymore?
