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.
Bottoms-Up Investing
I'm going to be fairly quiet during market hours today, since there's really nothing to say. I am loaded to the teeth with short positions, and with the Dow down 177 as I am typing this, I'm sitting pretty.
I will share one thought, however. Yesterday night, I was doing something I don't do very often, which is going through my existing positions (I normally look for new opportunities instead, which I did later). As I went through all my short charts – and there are nearly 100 of them – one simple thought dawned on me: these charts are sensational!
I've been so mired in bear-pity that I lost sight of just how completely amazing these shorts were. That's why I rolled my eyes with apathy at the very brief pop this morning. With so many charts poised to plummet, there's no way Goldman Sachs can prop up this sick pig anymore. Of course, since they are good at just one thing – making money – I'm sure they're ready to make a ton of cash as the market falls.
They're not stupid. Just evil.
Primary 3 Kick-Off
Mr. Toad’s Wild Ride
Pretty whippy this morning, isn't it?
When I was bleary-eyed and looking at charts until five this morning (groan……..) I was impressed at the tumble of the /ES. When I dragged myself in front of a screen again at 7 in the morning, an explosive nearly 20-point reversal had taken place. And in just the past few minutes, as I'm typing this, about a third of that lift was erased. For me, out of 105 positions, I was stopped out of merely 2, so things are steady-as-she-goes as we bang out a series of lower lows.
Love and Death
Well, it’s 3:30 in the morning, and I’m looking at charts. So………here:
