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.

Culver City Charts

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Greetings from the interior of a huge shopping mall in Culver City, California. I am camped out here, long after the stores have all been shut, to try to crank out a post while my Tesla charges outside. I have spent the weekend here in the San Fernando Valley for a fencing tournament, and after careful consideration, having been utterly new to the charms of Chatsworth, Reseda, and CSU Northridge, I have reached the conclusion that this entire valley is a complete and utter shithole.

I find the city name Chatsworth particularly ironic, since I assure there is nothing emanating from this place that merits discussion of any kind. Road after road is lined with tacky strip malls packed with liquor stores, massage parlors, “vape” palaces, crappy fast food joints, and cheap Chinese take-out. It’s depressing from end to end, and a Tsar-sized hydrogen bomb detonated somewhere near the center would probably push the Culture Index of the United States up by a few points.

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Market Sentiment Update

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By Biiwii

In the last 2 NFTRH editions, we noted extremely over bearish market sentiment conditions in Rydex bull/bear fund allocations and in Small Speculators’ net short positions. These sentiment indicators have been reset to traditional correction-ending, even bear market-ending levels. That’s the reality.

The latter especially, has been a reliable contrary indicator. Basically, the Small Specs have never been right at important market turns. For instance, they were heavily net short in the late 1990’s but by the time the market topped in 2000, they had covered and become net long. They have reliably been a contrary indicator all along the current bull market as well, going net short at each correction bottom, post 2009.

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The Bear Market Everyone Saw Coming

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By Biiwii

The title lets you know where this article is going. For such a routine correction in the US stock market, the Psych/Sentiment backdrop has gotten way out of whack. Do some analysis on Rydex Bull/Bear fund allocations among investors and you will find a historic knee jerk reaction into bear funds over bull funds (by those who still use Rydex funds).

Go do a Google Trends search on ‘stock market crash’ or ‘bear market’ and you get the following results, showing a big rise in interest among the public.

Market sentiment: stock market crash

Market sentiment: bear market

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Man, That’s Cheesy…

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By Biiwii

After the now-famous WSJ post, it seemed as if a bottom had just been called in gold…

Let’s Be Honest About Gold: It’s a Pet Rock

It seemed that the elements were in place for a contrarian rally if not bull market bottom. Along with negative gold items routinely appearing in the financial media and a Commitment of Traders structure that had become very bullish, gold sentiment was bleak by indicators we track in NFTRH.

My how a 6% rally with an accompanying stock market down spike have changed things…

sinclair, gold sentiment still not ready
Click for the video @ YouTube

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Godspeed, Doctor Dyer

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In the midst of all of today’s trading tumult, I happened to see the death notice of Doctor Wayne Dyer. This wasn’t shocking news – – he was 75 years old, and he had health issues on and off over the years – – but I was still saddened to see the news and wanted to do a post about the man.

For those of you unacquainted with Dr. Dyer, he was one of the leading authors of self-help books. I doubt Dr. Dyer would want himself described that way, but that’s how I remember him, and that’s certainly how he initially became famous.

When I was a youngster – about twelve years old – I became afflicted with a mild and lingering depression (that’s not what we called it; I simply recognize it for what it is in hindsight). The book that I found most comforting during that troubled time (which persists, ummm, to this day) wasn’t the Bible, although that helped, but was instead Dyer’s first book, Your Erroneous Zones (as a little kid, I didn’t get the pun, but that’s beside the point).

I read the book over and over again. It addressed the subjects of worry, interpersonal relations, and other items from the long list of neurotic possibilities. In my teenage years, I carefully read Dyer’s new books, such as Pulling Your Own Strings and The Sky’s the Limit. I also listened (repeatedly) to the cassette tapes on which he read his books. I imagine I was one of the few teenagers in the country who was pretty much addicted to the wisdom of Wayne Dyer. As you can see from Amazon, Dr. Dyer went on to write dozens and dozens of books.

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