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.

Captain’s Log

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I've been doing some late night reading, thinking, and analyzing. I've got some interesting things to show on Thursday. In the meantime – – and remember, I normally don't use arithmetic charts, but they do have their place – – I offer below the chart of the $INDU over the past dozen years or so………

1014-indu

My assertion, after looking at a graph like this, is as follows: anything who thinks we are on the cusp of a new bull market is smoking some serious weed. So there ya go.

Sir Timid

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I've heard the old saying "There are old traders; there are bold traders; but there are no old, bold traders."

I'm inclined to agree. Being an aggressive bear in a market like this is a one-way ticket to the poorhouse. I have become increasingly conservative as this market has continued to explode higher. I'm a big believer in taking losses early. That has saved my skin.

The quantity of all my positions on all my portfolios, both personal and professional, numbers a mere 55 – which is almost flat for someone like me. The kind of market I'd like to find myself in is one where I've got hundreds of small positions. But there's no way on earth I'm going to get aggressive in a market like this.

Earnings announcements this week continue to be loaded with risk. When's the last time GOOG disappointed anyone? With all the lifts lately, isn't it reasonable to expect a huge double-digit price pop on GOOG as well?

I remain in a highly defensive mode. Capital preservation is job one.

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