More than a couple of decades ago, a very talented programmer introduced me to a common phrase that engineers use when queried (by management) as to when such-and-such a product was going to be finished: “Real Soon Now.” It was a delightful phrase, because in three words, it captured the condescension programmers have for management as well as the wily deceit they need to use to keep their jobs. It was, in short, a way to get the inquisitor off their back. (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.
I imagine some of you notice the VIX has been getting squished down to some of the lowest levels in history. It was only a week or so ago that the VIX was approaching 17; today it had a 11-handle as complacency and delight with equities continued to metastasize. (more…)
I know all the “reasons” – – infinitely accommodating central bankers, Santa Claus Rally, the New Economy, and on and on and on. If you’re buying at these levels, you are insane. You might be rich and insane, but insane nonetheless.
A few days ago, Sloper New Guy pointed out that DRYS has a nice base and looked like a good long position. I agreed, and – – hats off to New Guy – – the stock is really starting to take off. So far today, it’s up about 13%. Nice!
As I’ve said ad nauseum, interest rates accelerating higher could be the defining theme of 2014. Since bottoming in July 2012, the ten-year T-note rate represented by symbol $TNX has more than doubled. Freakishly, real estate seems to be merrily hopping along, as if 2008 never happened. I can report to you from my pleasant town that I wish I had some way to buy puts on Palo Alto real estate, because it’s insane (again). In any event, the bonds, represented by symbol TLT below, continue to crumble away, and I remain short. (more…)
On the mornining of Christmas Eve, I was looking with great interest at miners and junior miners (what else does one do during this blessed season?) I was ready to get long GDX, but, as trading gremlins like to do, they decided my brokerage wouldn’t work that morning………so: no trade. (more…)