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.
An ARO Through Its Heart
Check out this post from May. We're on our way.
God Laughs at People Like Us
Sexy SOXS
Wonderful and Awful
Well, right about the time there were folks yammering on about how 1400 was the next stop on the S&P, the market started to fall apart, and it hasn't stopped. I guess the moon just didn't feel like helping this time.
Even I – the Bear of Bears – was thinking yesterday that things were really (and here's that dangerous word again) "oversold". So I ended the day with 29 shorts – – very, very light for me – – and one large long with SPY.
I dumped the SPY at a nasty loss before the market opening this morning. Of my 29 longs, all 29 are profitable – – but I have 200 (literally) other stocks I wanted to short at good prices. I'm starting to wonder if "good" prices are ever going to happen at this point, since the bears seem to have finally – thank you, Jesus – wrenched control away from the Bull Criminal Scumbags.
In any event, I am vastly underperforming the market today (in other words, I'm up, but not nearly what I should be), so it's disappointing. Very disappointing. There are a breathtaking number of issues falling 20% in a single day from what I can see, including many old favorites of mine.
Maybe Satan Bernanke is just putting things together for his Jackson HOLE crime speech. I'm going to be shorting a few more carefully-selected issues, but I sure wish I was 200% committed instead of 35%. But at least I'm not positioned long. Sheesh.