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.

Wreck

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If the market gods wanted to tease any surviving market bears in the cruelest way possible, they managed to do it twice over just the past few days. Last week, with the President getting Covid (end result: NOTHING) and then, just days letter, the President saying “No Dice!” to any kind of stimulus package (end result: NOTHING). Someone – – and I think his last name rhymes with “Owl” – – really, really, really wants this market to keep chugging higher through Election Day. It’s sickening and boring at the same time.

rtyd
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The Fed Algo

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It’s becoming screamingly apparent that the Fed, in its efforts to utterly destroy the price discovery mechanism of the markets, will buy equities any time there is even the tiniest selloff. It’s happening day after day. Indeed, today is the TENTH DAY IN A ROW of the ES being positive. You think the government might do something if this was the tenth day in a row of stocks falling? I sure do.

Take small caps (please!) Look at the sell-off that took place in early trading:

briefsell
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