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.
Perpetual New Highs Bar
How High Will Apple Retrace?
Part of the current NASDAQ strength is from Apple clawing its way off its devastating drop, and Ive already seen a lot of chatter about what a fantastic bargain it is at these prices. I recognize that with a P/E of merely 10 it seems like a great steal, but as a chartist, my view is that it's going to get no higher than about $504 (in order to not only fill its gap but also cause a sigh of relief that there's a "5" as the leading digit on the price) before it swoons to new lows for the year.
Preparations Underway for Eastern Blizzard
Interim in Perpetuum
Look, I realize that bears that live in glass houses shouldn't thrown stones, but I've got to say this: earlier this morning, I got word from a well-known financial publication that they had issued a special interim report stating – – just as their two prior interim reports had, in the two prceeding months – – that it was time to short the bejesus out of the stock market.
I've marked these report-points below. Let's just say, as much as I'd love the market to drop steadily for the next 60 months to $42.82 on the Dow, I am not particularly encouraged by the latest "interim", which has lately become a monthly event.
For my own self, I remain completely short, although the damage isn't as gut-wrenching as one might fear: I'm down 0.21% today as of this writing, versus the market being up 0.61%, so I can live with that.
