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.

Nation Speak with Forked Tongue

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My view of any authoritarian institution – be it a church, a government, or a person's office – is driven by how it regards the individual (more specifically – how it regards me). There seems to be a continuum by which another body might judge a person, ranging on one side as "child" and on another as "responsible adult."

When I was in my early 20s, I was a dedicated Libertarian because I felt that the government should view people as responsible adults. That was naive of me, I now realize, because a lot of adults aren't the least bit responsible. They want (or need) to be treated as children. Some of this comes from their nature; some of its comes from the way the government trains them to behave.

I find being treated as a child by an authoritarian figure to be undignified, which is why I bristle at most of them. The reason I'm thinking of this on this morning is because I was engaged in an email exchange with an individual I respect quite a bit about the Goldman Sachs report referenced in yesterday's comments section.

Even though Slopers are understandably cynical about Goldman Sachs, it's still interesting how GS's public face is part of the "green shoots" club, but their reports created for their own clients paints a picture of doom 'n' gloom that would find itself quite at-home here on Slope. My friend wrote to me, in part:

What’s
fascinating to me is the two-tier information flow—the flow that I see from
private equity, venture capital and high net worth money managers VERSUS what
the media (led by CNBC) outlets are telling investors.  As with this GS report,
all of my “insider” talks have essentially the same bearish/troubled data and
all of the public, media-generated stories (of course led by the President and
Washington “insiders”) are doublespeak and misleading spin.

I couldn't have said it better myself! Because everyone, from Obama on down, is going to treat the American public as children that need to be fed graham crackers, patted on the head, and told that the boo-boo is going to be made all better. A little Bernanke Bactine is all you need!

Whereas the elite – – those with money, those in the know (and those with the good sense to read quality blogs……..) – – will be told the truth. And it will set you free.

The Continuing Cover Curse

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It's actually getting a little amazing to watch what's going on in the popular media. I got the latest issue of Time magazine in the mail, and check out the back cover………

0808-bounce

Ummmmmmmm……..don't miss the bounce? Like buying DTG at $20.60 per share?

Folks, even if there's more upside from here, the "bounce" already happened! Gobbling up anything with a ticker symbol in mid-March has turned out to be brilliant for anyone who managed to do so (and who hung on until now). Stocks moving up multiple hundreds of percent – or even quadruple-digits of percent – are commonplace. I mean, hell, Ford – – makers of the Taurus! – – is up 800%!

But the notion that the common man can take advantage of some impending bounce is just pathetic. But, more important for us, as we look back on this a year from now, we'll see how it was yet another case of (…..dramatic pause.…..) the curse of the cover. <—echo-y voice.

The Cover Curse Continues

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The latest issue of Time magazine prominently mentions "Housing Seems to Have Bottomed" on its front cover, which only amplifies the blaring Newsweek cover that the Recession is Over. And now we have Barron's joining in the fun:

0802-ebuy

Are they kidding? I suppose the dumb money will push the stock a bit higher on Monday, thanks to this cover story, but it will only make the shorting opportunity that much grander.

Sheesh.