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.
Well, I might as well succumb to World Cup Fever, which has affected even Slopers. Hence, the subject line for this post. Anyway, I just wanted to share a few thoughts on a handful of charts before calling it a day.
First, the Dow Jones Composite pretty much tells the story – – – last week’s dip was simply “the pause that refreshes”, and since it failed to break the supporting trendline (the dotted green one), we are still in the same Bull Mode that we’ve been in since John Kennedy was in office and color televisions in every home was just a distant dream.
As I was dashing through the airport Sunday evening, I saw the cover of Barron’s, and of course my eyes went straight to the elfin figure near the center: our own Abigail Joseph Cohen, permabull extraordinaire. I dunno, I keep thinking the art director at the newspaper just doesn’t like this little woman, because she looks like a forthcoming villain from Game of Thrones.
I had pointed out Dreamworks recently as a good short-sale candidate. Today is paid off, tumbling a double-digit percentage drop. I suppose this is due to their movie, How To Train Your Dragon 2, having a disappointing opening weekend. I wasn’t banking on that, however. It was about the Fibs.
Ummm, this chart was a lot funnier (in a woe-is-me, gallows-humor kind of way) earlier when the market was surging. Now that the bulls are smearing fecal matter all over one another, it’s less relevant. All the same, I’m kind of busy, you know – trading – so I don’t have time for anything else at the moment. But please take note, this chart is already sadly out-of-date.