Today, one needs to be literally living under a rock to have not heard about the Facebook® acquisition of WhatsApp™. Everywhere across the media spectrum heads are being scratched on why Facebook would spend (wait for it……) $19 BILLION dollars in total for a company that most anyone outside of silicon valley never even heard of. (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.
Warren Edward Buffett seems to have a virtual shrine, even here on Slope, where anyone questioning his wonderfulness is questioned. I’m the first to admit the man is clearly an investing genius, a generous philanthropist, and seems like a pretty awesome guy………BUT……… (more…)
I’m listening to the hold music for Healthnet, so I’ve got a few minutes to toss up an anecdotal post. (Side note: during my projected 80 minute……….yes, 80 minute……..hold time, the little voice keeps popping in to remind me how valuable it knows my time is, so I’m actually pretty psyched). Anyway, I was filling out their lame-ass web form, and I was presented with this: (more…)
I first want to mention how pleased I am at how popular SocialTrade continues to be. There are 12,500 items stacked in there, and I see a steady flow of activity from users every day. Thank you!
It is, as is so often the case lately, a pretty boring day on the market. I would simply point out that the fairly-important Dow Jones Transportation Index is hammering out what could be an impressive top. We need to break 7,000 to really start a free-fall. Who knows…….miracles can happen. (more…)
Yesterday went much as I suggested in the morning, with ES holding 1830, a run up to test the current highs, and then a clear fail there. A retracement of very uncertain size has started, as this may be just a bullish partial retracement of this last move up, but there is also now a technically very well formed candidate major double top targeting 1625 on a break below the last low at 1737. While I’m definitely leaning towards the bullish option, the bearish option needs to be borne in mind, and would need to be taken seriously on a sustained break below 1800 SPX. (more…)