All the world loves a lover, and all the world hates a bear. It’s never easy being the ursine type in this world, but I’m truly starting to believe that it’s worse than ever. For approaching five years now, the central bankers of the world have succeeded in snuffing bears out of existence, one by one. And during the few times that it seemed there would be hope, the amount of time it takes to turn things around again gets shorter and shorter. (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.
Long ago, when I was a teenager, I was very proud to be able to buy my own consumer electronics goodies like a fancy stereo, a VCR, and a 36″ television (the thing probably weighed 150 pounds). Since I was working even in those days as a writer, I could actually buy what I wanted, instead of having to beg for it, and I remember to this day how much I enjoyed watching a brand new special on HBO called “An Evening with Robin Williams” (which you can enjoy here for free). (more…)
One look at the financial instrument dedicated to take advantage (!) of volatility says it all. This ETF was just introduced in October 2011. They’ve had to do three big reverse-splits on this to keep the price non-comic. The split-adjusted introduction price was about $25,000. It’s about fifty bucks now. Incredible.
In the laboratory and test kitchens here at TFP, we have been having some fun with volatility. One of our latest studies focuses on statistically prominent inflections in order flow. A favorite setup for light, sweet, and sometimes crude oil is the Sunday Night Snapout – a nice surge right as the globex session opens on Sunday evenings after squeezing shorts the preceding week. (more…)