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.
On a Silver Platter
On occasion, I will post in comments a list of symbols and prices. This might strike some as a mystery, but it typically is a list of items I am buying puts on and the contingent stop price. Simple as that. Here are some nice ones I'm taking action on now:
AET 47.54
BBT 37.11
CI 42.43
KO 55.48
CL 78.53
COST 67.54
DVN 97.50
DRQ 55.69
FSLR 301.30
FCX 91.70
HP 58.20
JRCC 44.75
MGM 35.85
PG 68.12
STRA 227.35
Touch of Red
Good morning, fellow thinking people of the trading world.
One commenter last night linked to this table of what the big banks are projecting the S&P will close at by year's end. The projections all ranged from 1350 to 1650 (there was an even higher projection – – 1700 – – issued by a firm called Bear Stearns; for some reason, I can't find their contact information anymore………..)
I stand aghast that in the world of multi-million dollar prognosticators, no a single soul – – not one – – has the courage to stand up and admit that the market is going to fall. Sheeple! And projections of 1650 by year's end strike me as nothing less than grotesquely moronic. Do they honestly think an annualized return of 50% stands in the offing? I don't know what I'm getting so worked up about; it's not like I'm ever going to listen to any of these big boys for guidance. But they sure do a splendid job deluding 99% of the public.
Here are a couple charts you can use to calm yourself.
I'll be roaming around the SF Money Show tomorrow. If you see me, say hello. If it's not me, don't worry. Because you've made yourself a new friend, my man!
