One of the sweetest songs from Book of Mormon is Baptize Me, in which the nerdy Elder Cunningham finally gets an opportunity to baptize someone into the church: the girl on whom he has a crush, Nabalinga. Double entendres abound, but it’s precious. I was going to just put up the soundtrack clip, but someone sneaked in a camera into a performance of the original Broadway Cast, which I think is more fun:
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.
When Good Fundamentals Don’t Matter
In a market that has been artificially-inflated for nearly six years and which is priced for perfection, companies are facing a situation in which, even with blowout earnings and revenues, they get curb-stomped. This is the shape of things to come for the market as a whole. Trees cannot grow to the sky. And Yellen is going to be left holding a gigantic bag of radioactive waste. Look no further than Ubiquiti Networks, which so far this morning has lost nearly a quarter of its market cap on the heels of a good report last night.
Summer is Coming
I was going to entitle this post ‘Winter is Coming’ as it has a strongly bearish tone and I am something of a GoT fan. However it is early May, and despite the fact that my wife has been pressing me to have the central heating fixed, in theory at least, summer is coming.
In stock market terms though, the six months May through October are the months of winter on the markets. On my Stock Trader’s Almanac 2014 statistics are given from 1950-2012 showing that $10,000 invested on SPX in November through April, the best six months of the year, would now be worth $575,846, while the same $10,000 invested on SPX in May through October, the worst six months of the year, would now be worth $15,356. That excludes dealing costs (and interest and taxes) but you get the point I’m sure:
