I guess I haven’t quite grasped the multi-billion dollar valuation of what is essentially a very large hard drive which is accessible via the Internet.
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.
Bearish Close to January
On Wednesday 7th January I wrote a post called ‘Suspended Sentence‘ in which I was talking about some statistics I had compiled showing that since 1970 there had been eight instances where SPX had closed down more than 2% in the first three trading days of the year. Of those eight instances the three that closed above that close on the third day all went on to have decent years, but the five that closed below that level all had difficult years, with the two best being effectively flat (up 3% and 1%)on the year, and the other three down 10%, 11% and 39% (2008) on the year respectively. That close was at 2002.61, and the close on Friday was at 1994.99, so SPX is on the bearish track in 2015 on this stat, and that also fits my expectations for the year.
