Hmm; this chart doesn't reflect today's action; click the "Present" tab to see how close we're getting.
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.
Commodities Stink
I had a large number of tiny positions in all kinds of battered commodity-related issues. I've been stopped out of pretty much all of them. Luckily, my mombo DUG, SDS, and QID plays make those losses seem like rounding error. All the same, it's kind of shocking to see how stocks like these just can't find a bottom.
I don't think any one instrument has made as much money for me this year as OIH, however. It's been beautiful.
Take that, peak oil crowd!
A Song to Watch Bulls By……
Old Emails
I have started going through the thousands (literally) of emails I have received from Slopers over the years. Back on September 8, 2006, a reader sent me the following graph, speculating that the S&P would follow the NAHB downward:
Turns out this was pretty accurate! I had never really known about the NAHB Index, so I checked it out. As you can see from this table, it has lost another 50% of its value since the time the above chart was sent to me.
A Fine Morning
Howdy Folks,
As I kneel toward the North and pray toward Deus Ursa, I ask for this day to be:
- Free of data provider errors (not naming names, but the vendor rhymes with "Lass and Free Pomrock")
- Free of bullish moves upward
- Free of anyone uttering our likely future president's middle name (with a dramatic pause both before and after)
I was delighted to see how weak NQ and ES were when I crawled downstairs this morning; after the close yesterday, the NASDAQ market looked ready to explode higher. Now…….not so much. Perhaps we'll get Evil's lower 25% pathway after all.
The key issue is this:
From September 29 until October 10, it was an all-bear party, no bulls invited. Seventh heaven. Pigs in mud. You get the idea. Every blessed day was down. Since the 10th, it has been a grind-em-all-up kind of market. I imagine some who made fortunes during the plunge gave up all those gains during the grind.
Having a hefty down day today, on the heels of yesterday's 231 point drop, would be encouraging. But I'm banking on nothing. The reason I've avoided the hamburger express is by not getting overly confident about one direction (hence the bi-curious nature of my portfolio).
Good luck today. Stay nimble. Stay smart.
