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.
My recent decision to add Fujisan's posts to Slope seems to be a good one. The posts are well-liked, and it gives your poor, beleaguered host a little bit of a break.
After all, on the rare occasions I actually go on vacation, I still wind up doing posts. There's not a day in the year – even Christmas or New Year's – that I'm not doing this.
Added to which, I think it would help to have some new voices here. In the comments section, I've liked the work of Kemal_1 VirginiaJim, Joe8888, and many others, and I'd love to have some interested parties participate in the blog in a more visible way.
So if you'd like to be seriously considered for a regular post (by "regular", I probably mean at least once a week, or at least once every couple of weeks), please drop me a line. Or if you'd like to encourage someone else to do so – – or voice your feelings about this possible new expansion of content – – say so in the comments section.
Thanks; I look forward to seeing where this takes us.
After the close today, Apple came out with their earnings, and the market loved them. The stock is trading over $200 (pretty much its lifetime high). I pretty much avoid the "four horsemen" (AAPL, RIMM, GOOG, AMZN) like the plague, so this is simply an interesting news item for me.
My attention is on individual stocks, both long and short. I have been, over the past couple of days (Friday and Monday), loading up on a wide variety of individual positions – mostly on the short side, but also some on the long.
My best cash performer so far in this array is Bank of America, which is also the stock in which I have the largest position. In spite of today's nearly triple-digit advance on the Dow, B of A continued to be weak. Unlike some stocks (like, say, AAPL), B of A is down two-thirds from its peak price, and I think the risk/reward on this is simply terrific.
I have also, for your viewing pleasure, assembled a modest array of some of the Many Faces of Ken Lewis. I'm not sure what it is with these finance guys; John Thain's face was frozen throughout human history, whereas Lewis just seems plain grumpy all the time. Is it fear over sexual inadequacy? It's impossible for me to tell.
So that's probably going to be it for me today. The march higher continues, and I'm busily in the background lining up my various positions. I'll probably get some time this week to share with you some of my favorites.
It looks like the NASDAQ is going to close at another high for the year (we are truly on the other side of the looking glass here, folks). The tinted area is a really mushy zone, since it represents a range from which the market cut away last autumn into the big plunge. Now the market is trying to heave its way through this zone to the upside again. AAPL earnings will certainly be a force (one way or the other) for this index in the morning.
I've been mentioning DIG more than any other ETF lately, but that's because it's doing so well. The clean inverted head and shoulders pattern suggests a measured move to about $52.
The battle at the resistance for EUR/USD is all that matters. The weakness in the dollar has translated into strength for equities, precious metals, and energies again today. Nothing else matters, folks. It's all about the dollar.