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.
Contrarian Cover: Exhibit A
Up or Down Babe?………………Evil Plan 71.0 (by BDI)
This is What One-Eighth Trillion Euros Buys You
Well, ya'll did it again to me, didn't you?
This weekend, the chorus of hoots and hollers about the explosive rally coming on the Euro was deafening, and the guffaws about "Risk On" and smirks about my EUR/USD short were omnipresent.
I mean, good God in heaven, even ZeroHedge is screaming about a huge EUR/USD rally because of the record short interest.
Maybe. Maybe not. All I know is that for the first time in a couple of months, I woke up at 4 a.m. filled with worry at what I would see on my iPad, and instead of an explosive 2% up-move in the EUR/USD, I saw this (with the arrow marking the peak of "gee, Tim has a big short on the Euro, doesn't he?")
There is no welfare queen in history that can hold a candle to a bull. They depend on government hand-outs and bailouts for their success. These are the only tools they have left. Real economic growth isn't going to happen for years. Thus, bulls rely on artifice to synthesize success.
But perhaps the world is beginning collective realize that their lies have no substance, and that bailouts aren't the basis of prosperity.
I am a lonely bear surrounded by a world of liars and thieves, thus I remain cautious. But, at least for the moment, at least the bulls have been denied their mega-Monday rally that they were clucking about so mercilessly all Sunday.
One-eighth of a trillion euros created a rally that was vaporized before the market even opened in the United States. That money will never be seen again, and it's just going to make my long-held targets on the EUR/USD happen with more ferocity.
So keep asking for your bailouts, bulls. The world is changing beneath your hooves.
The Last Bear Just Locked the Bunker Door
My wife forwarded this (A Terrifying Vision of the End Game) to me last week. It has gone viral after all (which is the only reason a finance-o-phobe like my wife – and like most normal people outside of geeks like you and me – would have seen it). It comes courtesy of Business Insider, which saw fit to pump the bear case at the exact moment that fear could not get any more palpable in US and global stocks markets.
Now Zero Hedge is apparently still hung up on it. I generally like ZH and marvel at the shear volume of information that these guys churn out; but come on guys, enough already. Raoul Paul (a hedge fund manager no less; oooohhhhh) thinks the system is going to end and a new one will rise from its ashes. Wow, ya think?
