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.

The Reaction So Far

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From what I can gather, everything's all settled with Europe now. Greece is saved again. I'm feeling exultant because we won't all have to obsess over the next conference call, meeting, press conference, or photo-op…..that is, until the next inevitable crisis, which is probably just a few months away.

In the meanwhile, it's more than a little interesting that the entire "Greece is Saved!!!!!" rally (to say nothing of the Chinese easing news) – highlighted in green below on the NQ – has, for the moment at least, been largely erased.

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In any case, with this nonsense out of the way, it should clear the air quite a bit for normal trading. I don't want to hear about another summit ever again in my life. Thus, I am sure to be disappointed, probably sooner than any of us think.

Not This Time

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There is hardly anything different about the experience we're going through right now than what we went thorugh late last June - – – the tear gas, the pledges that this austerity would solve everything, the declarations that everything was fixed – – it's all exactly the same.

But there's one thing that's going to be different. I'm not getting sucked into believing it. Last summer, I spent almost all my free time at Stanford Sierra Camp – – the time I should have been hiking, exploring, and enjoying myself – – – plopped in front of a laptop and sweating out the Greek vote drama. It was a complete and total waste of time. I was stupid to worry; I was stupid to think anything would get solved with another band-aid; and I was stupid to spend my time watcing politicians instead of enjoying life.

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Greco-Roman Wrestling

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It may sound odd for someone like me, but I'm glad the Greek vote passed. If it had failed, someone would have come up with some dumb-ass plan to "save" everything and undo the vote. As it is now, the bulls got precisely what they wanted. The Greek people have been sold up the river. So all the good news that can be had is already out there. Lap it up. Because there's not a doubt in my mind that Greece is ultimatley doomed, and the Euro is going to be drowning in due time.

Below is the "everything is saved and everything's going to be great again!" rally…..

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