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.
The winter cold has set in hard around the San Francisco Bay Area (even though we’re technically still in autumn), and, now that all the day’s tasks are done, I finally have some time for a proper post.
Looking at the big equity indexes, things kind of stalled from the vicious upsurge at the point I’ve marked in green. We’re in a (very!) modest down-channel right now, and the real moment-of-truth comes if and when the price can penetrate the level I’ve marked in magenta. (more…)
In the post I did last night, I mentioned how “the new form of segregation is wealth distribution.” Well, the very next day provides us with a superb example of what I’m talking about. In the short clip below, you see a Google employee (who is very well-paid and, as all other San Francisco-based Googlers, whisked comfortably, for free, in a private bus each day from San Francisco to his company half an hour away) in a shouting match with a woman who is part of a protest of all the rich high-tech types that have taken over SF. He slips early on by revealing his true feelings, proclaming that “this is a city for the right people” (which means guys who are rewarded salaries well into the six figures straight out of the “right” college.) With Twitter nailing a new high today, the “right” people are more “right” than ever. (more…)
Island reversal patterns don’t happen that frequently, but I spotted a terrific one today in Sherwin-Williams. I have shorted SHW with a stop-loss price of $187.99.