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.

Sell the MTM News?

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Hey, here's my tip for my fellow bloggers out there – – if you ever want to bring out the freaks and lead them to your inbox, just do an April Fool's Post. God almighty in Heaven. What a day. You wouldn't believe some of the emails I got.

Anyway.

The market's weakness has, so far, been a two-day wonder. I've been tilting to more bullish positions (particularly commodities and energies) just in case the bulls kick things into high gear again.

I know all eyes are focused on the whole Mark To Market thing (which reminds me – – my house is worth $20 million. And my blog? Twice that much). This could be yet another instance of Buy the Rumor, Sell the News. It would be kind of a kick if the banks got the FASB to let them lie their way to profitability, just as they are demanding, and then we saw banks tumble (and FAZ soar). Just a thought.

Some bloggers just do one medium sized post at the end of the day, whereas I seem to be in a mode where I bombard you with little posts all through the market hours and am burned-out by day's end. So that's kind of where I'm at right now. I'll write more later if anything meaningful pops in my head. Rest assured, it won't be another gag.

Calling the Bounce

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Last evening, a number of Slopers were calling for the dip late yesterday and into the evening to be short lived. For example:

So far that prediction seems sadly accurate!

It's been a very "do-nothing" day for me. My FAZ, which gapped higher, slithered lower, and I built up a new /ES short position as were were bouncing around 800. But by and large, nothing much is going on (except for responding to the surprising number of Sorry To See Slope Go emails I've received; it's no surprise that War of the Worlds was such a debacle back in the late 1930s!)