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.
New Shorts Deployed and Their Stops
ACL…………..149.48
ANF…………..36.50
ATHR…………..31.35
AU…………..43.56
BAK…………..12.92
BEZ…………..39.63
BHI…………..42.64
BRY…………..33.01
CBS…………..14.84
CBT…………..28.39
CCK…………..24.98
CHRS…………..4.28
CLB…………..145.75
DBRN…………..27.49
GFF…………..12.05
IFN…………..29.70
PLL…………..37.98
SLB…………..60.88
SRE…………..48.23
VNO…………..76.13
VOD…………..20.66
XTEX…………..11.00
Minor Pullback in EUR Achieved
Tax-Free Multi-Billionaire
I imagine some of you saw this article from the New York Times yesterday. It's about how our Congress allowed 2010 to start without any inheritance tax in place. Simply stated, anyone who dies this year gets a free ride, including the multil-billionaire pictured below, whose children and grandchildren won't pay a cent in estate taxes. If he had died just a few months earlier, his estate would have paid billions to the Feds.
Whatever your view on the estate tax is, at least know this: the amount of money every reader of this blog will pay in their entire lifetimes, cumulatively, will not approach what this one man's estate would have paid to the same government if Congress had their act together. I imagine they'll try to make a show of it and get a tax to apply retroactively, but as the article states, that'll probably fail too. Nice goin', fellas.
Losing Its Punch
We are all, of course, following the EUR/USD quite closely. Here's what I find fascinating this morning: even though the EUR exhibited even more strength last night than it did the prior night, the positive effect it had on the /ES wasn't as substantial. Look at this chart:
The blue line represents the /ES and the black line represents the EUR. This is a minute bar line graph over the past couple of days.
They are obviously very highly correlated, but notice how the blue line doesn't surge nearly as much today as it did yesterday. So even with the tailwinds of the EUR, the /ES is subtly losing steam. I would also add that, as I'm typing this, the EUR is quickly weakening.
It'll be another interesting day, to be sure.
