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.
Many of you probably heard the news yesterday that teachers unions received a nasty (and well-deserved) blow from the Los Angeles Superior Court. I grew up in a fiercely anti-union household, and as a child, if I did a poor job making my bed, my mother would scowl and angrily say, “Union Worker!” I knew at that point I damned well better do the bed properly.
Mercifully, as a businessman, I never had to deal with any union issues. I did, however, at one point have to grapple with a salaried employee who, years into her employment, decided to get cute and threaten a state case to retrieve overtime wages based on the idea her job should have been an hourly one. She did not prevail. But it deepened my dislike for any prospective interference of the state into such matters. (more…)
Judging from the shape of this pattern, I’d say bond bulls are going to be celebrating in the weeks ahead, as interest rates are poised to push lower (against everyone’s expectations).
As regular Slopers know, I have resorted to voodoo to knock down the market during those instances when I find it annoying (which, recently, has been constantly). My tool, of course, is Marty the child-loving, cannibalistic puppet from Joy Junction. Being from Louisiana, I am utterly comfortable with voodoo, and I have no compunction about drawing from the forces of dark powers to assert my desire onto the financial markets. The fact that – for the moment at least – we are seeing a triple-digit down day on the Dow, borders on the miraculous.
I only posted about Tableau Software on June 4th, but it’s already up double digits of percent. It looks like the base has indeed completed, and it’s powering up to move higher.
Here’s today’s swing-trading watch-list:
Long Rambus (RMBS)
The data feed at Stockcharts.com went down on Monday night and is still down, though they did manage to update with some daily data yesterday night. For the moment all of my shorter term charts are down, and the irritation I felt on Monday when the AAPL split deleted every trendline on my saved AAPL charts is now just a distant memory of better times.
I’ll be looking at alternatives for my shorter term charts today, mainly in case this outage at Stockcharts becomes a regular thing, but in the interim this is going to be a shorter and narrower post than usual. (more…)