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.
We've seen some impressive resistance breaks overnight and I'll start with forex today as I think that is extremely important for whatever we're likely to see next. EURUSD broke declining resistance overnight with confidence and the potential double-bottom that I was talking about on Friday now looks far more likely. The next target would be 1.32 and a break over that would target the 1.355 area:
Happy New Year, Fellow Slopers,
I hope 2012 is a good one for each of you, and for our host.
Lessons from last year
In his post Monday ("A Major Lesson from Last Year"), Tim wrote about two of the most famous hedge fund managers who are long BAC and SHLD, respectively. There's a third money manager (this one a mutual fund guy, rather than a hedgie), whose shareholders had the misfortune of him being long both BAC and SHLD last year: Bruce Berkowitz, Morningstar's "domestic stock fund manager of the decade" for the first decade of this new century:
Meet the domestic stock fund manager of the decade