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.
In my opinion, folks gobbling up equities at current prices can be described with two words: (a) In; and (b) Sane. It's as if all the reasons that equities were plunging lately suddenly were erased from the whiteboard.
Now, I do have some sense as to how things can get temporarily oversold, which is precisely why, mid-Tuesday, I covered the vast majority of my positions. The idea to short bonds has been working out nicely, and as I've said repeatedly, the preponderence of short candidates I follow are far, far too away from their stop-loss levels to make them interesting to me.
When you are in a trade, regardless if it is going in your favor or not, ask yourself this question: Are you in it for this trade only or are you in it for what your portfolio will be worth at the end of the year?
In my previous post, entitled, "Finding the Stock Market's Moneyball", I talked about how Oakland A's manager Billy Beane started from the top goal that he had for the season and worked his way down.
Since the hot topic of the week is how significant this recent bottom will turn out to be, I decided to go back to our previous two bear markets and see if there were any similarities that we can draw from thereby to make an educated guess. Now before I get into the charts, I just want to say that just because I see certain similarities doesn’t mean it will happen. Patterns repeat all the time, but you never know when they will follow through or fail until it actually happens. That said, let’s get going.