Until and unless the Dow Composite breaks beneath 6375…..
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.
As the Euro and Yen continue to drop in value (3-ply toilet paper; 2-ply; 1-ply………) it seems that the US dollar is indomitable. Maybe. All the same, looking at FXE (the ETF representing the EUR/USD cross-rate), we’re getting awfully close to major support. I confess, I’m not confident enough to put money behind it, particularly with the ECB press conference tomorrow morning), but I wanted to share this with you anyway.
Long-term readers know that I’ve done many, many posts about shorting McDermott. I think the one that started it all was from May 15 2013. What’s easy to forget is how this short has behaved over the long haul since that initial post (marked with an arrow); check it out:
So what do I think would make a great long-term short now? Simple: AMZN.
This is just dandy. If you want to check out other gems, click here………’Mericuh!