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.

Rosebud Frozen Peas

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I've got to say, I'm surprised at the market's action today. Although I covered a large number of shorts on Friday (taking my commitment from 90% to 50%), I at least didn't go hog-wild buying into the frenzied action late in the day, which turned out to be strictly a sucker's rally. My one long – SLV – I sold today at a small loss, and nothing has gotten any traction today. I've modestly increased my short commitment up to 60% of my portfolio (no longs of any kind). It's kind of a quiet/grind-y day, so take a moment to enjoy Orson Welles.

The Waiting Game

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First off, even though I've never cared one little bit about watching sports, congratulations to the Saints. I'm a native Louisianian, and I know this is a very big deal for them. Plus – no surprise here – I tend to root for underdogs. So a Slopey salute to the Fleus de Lis!

Second, I've gone from "fully committed" mode (early Friday morning) to "half-committed" mode on the bear side. It seems altogether probable to me that a push higher to – – oh, I'm guessing around 1090 to 1100 on the /ES – – is present, and I'd rather wait. There are a ton of opportunities to be had at that time, and I intend to try my best to make use of the upside via ETFs for the time being.

0208-es