I just finished reading Devil Take the Hindmost, a history of financial speculation (I was reading it largely to make sure my own history book was taking on new ground which, happily, it is). I was taken by the quote the author offers from Satyricon, which precedes his own first chapter: (more…)
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.
Bubble Movie
As many of you know, I’m hard at work on my newest book (I think it’s my 23rd; I’ve seriously lost count), and I am immersing myself in all kinds of historical information related to financial ups and downs. I’m working on my Internet Bubble chapter now, and in the course of my research, I am watching (for the first time, incredibly) Startup.com. This was real life, a dozen years ago. Here’s the film: (more…)
Lazy Trade Long and Short: OCN and LEG
I May look at taking my first short trade in almost three months (that’s a record for me)
That doesn’t make me necessarily a perma-bull (though I do feel like it), I have just not found it, based on the way I trade personally, to successfully trade short in this market. However, this market does worry me, and has worried me for quite some time now, and with the solid gains I’ve been able to rack up from this market, I’m considering grabbing a short for a hedge position before today’s close. (more…)
Follow-Up on Idea from May 31
Teck Tock
One of my favorite short positions, Teck Resources, continues to break down nicely. There’s nothing but air beneath current price levels.
