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.
Bitcoin and the South Sea
One of the earliest chapters in my Panic, Prosperity, and Progress book is about the South Sea Bubble. I know I’m not the first chap to compare the insane Bitcoin bubble (which is rapidly deflating) with South Sea, but I am truly struck by the similarities. Here’s what happened with South Sea, four centuries ago………(the notations about Newton relate to Sir Isaac Newton’s own investing losses with this “security”:). I’ve put an arrow approximating where I think we are right now with respect to the Bitcoin analog……… (more…)
Worst. Analog. Ever.
I noticed that the most prominent story over on MarketWatch was this one…….
Russell’s Recovery
It’s a real shame what happened to the Russell 200 chart today. After a terribly encouraging break in a vitally-important wedge (see green tint), the index fell as it should, then it started to recover. The recovery was terribly strong – – so strong, in fact, that it got back ABOVE the broken support line and challenged the lifetime high (see magenta tint). I’m afraid there’s pretty much no hope at this point for the bears. Game over. (more…)
The Much-Touted 1929 Analog
There has been a lot of chatter lately about “the 1929 analog”, which has even been lingering on the front page of the couldn’t-be-more-mainstream CBS Marketwatch. The article has garnered over 2,000 comments. Here’s one of them, to give you a sense as to the erudite and thoughtful discourse on the topic: (more…)
