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.
The bearish list of trade setups for the week is a lighter version of what we have become accustomed to seeing.
And you can primarily blame that on the ubber-bullish market conditions we saw prior to this week.. But in all honestly, these types of conditions really helps me to find out which stocks are the ‘really-bearish’ ones that refuse to rally with the market and remain short-worthy.
For example US Steel (X) has barely rallied in the last three weeks and still trades below its 20-day moving average. If this market continues to see the bearishness creep back in, you can bet X will be at the front of the pack. (more…)
We have been talking about how there had been no bubble in US stocks and how the economy is doing just fine. We have also been talking about how the bubble is in policy and that the economy and stock bull market have been created – yes, like Frankenstein’s monster once again – out of this policy bubble.
Enter economist Joseph LaVorgna of Deutche Bank… Fed needs to start raising rates, top forecaster says.
Will wonders never cease? As you may know, I read the financial MSM to get a feel for what the casual market participant is reading, what the majority is being told is the truth. Usually it is some combo of self-promoters and agenda (sometimes political) driven bulls and bears. (more…)
Lululemon, purveyor of overpriced garments to the vain, upper-middle-class, yoga-loving, meditation-attempting, self-absorbed, shallow-as-a-sheet-of-paper female market segment, just can’t catch a break. They have lost about two-thirds of their value, and it all started with the marketing fiasco of their Luon pants, which weren’t really intended as exhibitionist garments. Much lower prices to come.
Having written something like 14,000 posts over the years, I don’t necessarily remember everything I’ve ever told you, but – – at the risk of repeating myself – – I wanted to say that the Juliet Letters is one of the most brilliant albums of all time. It’s been a favorite of mine ever since it came out (many years ago), and I’d urge you to check it out. Simply stated, it’s Elvis Costello with the Brodsky Quartet, performing a suite of his own original writing. Genius………You can pick it up at Amazon, of course. Here’s just one of the songs: