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.
Next week is going to be dead quiet for economic news; Monday is a holiday, and Thursday is the only day with any meaningful reports, and even those aren’t that big a deal. And on Friday there’s absolutely nothing, which is pretty rare:
So it’s going to be earnings, earnings, earnings (for a welcome change). On Tuesday alone, among others, there’s AMD, BHI, CREE, DAL, HAL, IBM, JNJ, and XLNX. It continues to get busier, and then the week following is when the absolute cascade of earnings starts coming, including giants AAPL (the 27th) and GOOG (the 30th).
I’m shorter than ever at this point, with a commitment level of over 110%, and I intend to keep pushing that higher, assuming we can see some meaningful erosion!
Ever since they bottomed in mid-December, miners have been on a tear. Until yesterday, I was skeptical, but now that GDX and GDXJ have completely blown up their last levels of resistance, I’d say the long-term bottom is probably in. They’ll probably sell off to somewhat more attractive levels than what we’re seeing now, but maybe the gold bugs are, at long last, going to see their glory days return. The precious metals bear market – – at least for miners, I’m not 100% of the metals themselves – – seems to have finished up late in 2013. (more…)
No, this isn’t about MLK. It’s just about another occasional winner of mine: Hercules Offshore, which I wrote about way, way back on the 7th of this month. It’s pretty much fallen every day since then, more or less. (more…)