I'm terribly busy right now, so I'll be doing one of my late night posts. And remember, if you're a bull, no matter how bad your day might have been, someone else had it worse.
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.
Let Me Discipline You
Andrew Horowitz of The Disciplined Investor interviewed me a few days ago for his podcast. You can hear it directly off the web page or subscribe to the free podcast via iTunes. I did the interview by phone, so you might want to bump the volume up some when I'm blathering away, but I hope you enjoy it.
Exhausted?
It seems the bad economy and battered markets are all anyone is talking about, which in itself is probably a (very short term) bullish signal. In a market like this, I'd never try to ride those little waves up. I'd rather just update my stops and stay put.
Looking at the IWM over the past 60 days, it's been making a push toward that next Fibonacci level down, but visually it doesn't seem to quite have the "oomph" to crack through. I think it's more likely we get another little leg up before we get our pitching arm tuned up for that throw.
I have no equity index positions at all right now. What would entice me would be a climb toward that 66.75 level on the IWM. I think that's the current line in the sand between the bulls and the bears. A relief rally toward that level would drop the risk enough for me to feel comfortable.
For the moment, my bearish plays are heavily weighted in oil- and gold-land. I'll be in back-to-back meetings today, so I won't be in the comments section, but good luck, and I'll see you at some point after the close (perhaps on the late side).
