My “Jackie DeAngelis Blows” post nailed the top to the DAY – September 19th – showing her rude arrogance aligning with peak market excess. That actually makes a lot of sense. For this condescending pretty-girl to be verbally abusing an actual money manager simply because he doesn’t drop down at the Yellen altar makes me want to retch directly into her mouth, and the contrarian in me sees a certain beauty in her behavior nailing the top so magnificently.
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.
It would seem to anyone that’s been in business before the financial crisis of 2008 not only had the rules changed, but rather they changed so much even Alice would find our current looking-glass far more surreal.
It also seems that it wasn’t all that long ago where one thought that maybe, just maybe, to understand the craziness around you; you needed to ever so grudgingly accept the nonsensical mindset of “bad is now considered good.”
So, you adjusted your investing theses, your business plans, your whatever as to try to navigate these uncharted waters. Waters that emanated via the Federal Reserve opening (if not destroying) the dam and flooding the financial markets with liquidity so deep even Montana thought it had a new water view. To then suddenly all you bought into (literally) all you’ve been told. All of it – falls like the house of cards you tried to will (wish) away as if it weren’t true. (more…)
Here’s today’s swing-trading watch-list:
Short Yelp (YELP)
You’ll pardon me if I pin the Gold Medal for Technical Analysis on my bare chest for my VIX prediction. As I said virtually every single day on TastyTrade for weeks, and as I said here countless times as well, I intended to stay aggressively short until the VIX reached “between 22 and 23”. Well, it peaked at 22.46 today, and that’s when I got out of any big shorts and – gasp – actually bought a bunch of stocks. The graph is fantastically glorious in its clarity. Thank you; thank you; yes, it is a beautiful thing. (more…)