There's ten minutes left in the trading day as I type this, but I'm done. This week has been spectacular, and I am ending it with a greatly reduced exposure, having taken many profits off the table. I have no index positions of any kind, although if I were forced, I would be strongly inclined to buy DIA calls, which look sensationally bullish. I am preparing for a plane flight, but I'm going to try to make time for at least a short post before I leave.
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.
Welcome to the Bay Area
Just as a reminder for those of you in other parts of the country bellyachin' about $4 gas – – here in the San Francisco Bay Area, everything costs more. A decent house in a nice town is $4 million. A decent salary is a quarter million bucks. And gas is – - well, just take a look at this photo I made while zooming by a local Shell station. The price you see, $5.21, is for regular, self-seve. Drink up!
Oh, one other thing. If you ever think that the major news outlets of this country have their priorities messed up, think again, buster.
EuroTrash
Well, those of you short the EUR/USD are already having a great day. Check out this swoon.
As you might expect, this means gold is sharply lower.
The pre-market ETFs (SPY, QQQQ, IWM, etc.) are up a bit over half a percent. The next 3 1/2 hours should be quite a ride. Good luck!
By the way, if you feel like downpointing a couple of jerk-offs, have at it. This sort of thing only reminds me how nice it is to host a forum where the participants know how to spell. And think.
Penultimate
For those of you expecting the second video, sorry; it's nearing midnight, and I've got to pack for a trip; no time! So you'll have to content yourself with the "big picture" only…………
Finish Line
I'm going to be doing my real entry for the end of the day soon, but in the meantime, WOW, look what I just found! Is this gorgeous, or what? This is the kind of short you'd want to give to your grandchildren………..
