Long Suntrust Banks (STI)
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.
Run Over by a Semi
Well, the utterly-retarded ascendency of semiconductor stocks has come to an end at last. AMD has lost nearly one-fifth of its entire market cap within a span of minutes, and five months of price gains have been laid waste. My kinda market.
The A-Team
Of the thousands of earnings reports which come out each quarter, perhaps none is more anticipated than Apple’s. It is, after all, the most valuable company on the planet, and it is the linchpin to a NASDAQ which has made a habit of lifetime highs on a daily basis. It’s remarkable to think that, twenty years ago, the company was all but bankrupt.
I have no reason to expect anything except another great quarter from Apple when it reports after today’s close, but I would at least like to point out that the “pulses” higher (which I’ve tinted below) are, to any observer, shrinking with power. Indeed, it seems that every “personal” bull market that Apple has is only about half the size of its predecessor, and although AAPL might notch up another gain tonight, it seems to me there isn’t that much more juice to squeeze out of this fruit. (more…)
