I am delighted earnings season is upon us, because it’ll help some reality actually show through the cracks of this totally fake, artificial, Fed-driven lie that we’ve been living through for the past decade. People can just start to see how bad things really are, at least until that self-serving prick Jerome Powell leaps back again to protect his centimillion-dollar fortune. The TRANSPORTS are a nice example of this. Yesterday’s breakout was a total fakeout. We’re all doomed. It’s just that no one realizes it yet.(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.
An S&P above 3,000. A Dow above 27,000. Allow me to have one of my heroes, Spock, relate to you the nature of this market, just as he did in Spectre of the Gun:
The bullets are unreal. Without body. They are illusions only. Shadows without substance. They will not pass through your body, for they do not exist. Unreal. Appearances only. They are shadows. Illusions. Nothing but ghosts of reality. They are lies. Falsehoods. Spectres without body. They are to be ignored.
OK, it’s random gripe time. I picked up a copy of the Bangkok Times, and when I got to the business section, there was an article about some economic data from China that had come out. It included this graph:(more…)
The crypto-loonies were absolutely giddy a week ago. Their king, Bitcoin, has soared \to $14,000. Just think, if you have only invested $100,000 in Bitcoin, you’d have over $70,000 by now! Anyway, easy come, easy go.(more…)
Safe haven indeed. Two thousand dollar plunge in a span of minutes. And you just know someone bought into Bitcoin for the first time earlier today, when they just couldn’t stand the Fear Of Missing Out any longer.
Tyson Foods evidently makes “chicken” products (God knows how…….) into the “nuggets” and other grotesque crap that morbidly obese people buy at WalMart to cram into their mouths when they get home (if they can wait that long). But that’s not the reason I’m shorting it. This is.(more…)
At this point, they’re all just asking for it. All within a 24 hour period:(more…)