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’s easy to become intellectually intimidated where I live. Yesterday, I was at Philz Coffee, which was crowded, as always. I don’t make a habit of reading other people’s laptops, but as I was looking for a place to sit down (a task at which I failed), I noticed the contents of several screens. They were populated with dense computer code, complex mathematical formulas, and other stuff that I don’t have sufficient grey matter to comprehend. I felt quite diminished.
I thought oil would be my superhero today, considering how things started, but it turns out my TBT short was actually the real winner. Interest rates tagged the descending blue trendline I’ve drawn below, and since then TLT has been firming up smartly. TBT, the double-short ETF based on treasury bonds, has been wilting mightily today, and it may well continue to do so into next week.