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.
Although I normally don't bother looking at fundamentals, I was curious the other day to see what LinkedIn's price/earnings ratio was – – it was in the 900s at the time, but for some reason it's edged down to a bargain-basement 811 presently.
The chart was a beautiful pattern, so the breakout over the past few days makes abundant sense; but let's just say I think it's time for this red-hot social stock to take at least a breather, having spent the pent-up energy from its prior range now.
Markets were looking somewhat schizophrenic yesterday morning but that's not the case today. SPX spent a dull day forming a bull flag above broken resistance. The next obvious move is upwards into the 1520s: