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.
A few days ago, a former employee of mine from back in the days of Prophet, and now a friend/business associate, emailed me to ask if I’d be heading up to San Francisco for the Money Show. He lives in San Francisco, and Palo Alto is about a forty minute drive from there, so he thought that, if I was going, it would be a good opportunity to get together.
I hadn’t really planned on going. Back when I was building Prophet, particularly in the late 1990s, financial trade shows were actually pretty fun. In fact, during the Internet boom, they were amazing, because there was a bustle of activity, and there would be hundreds of booths with the latest trading, charting, and portfolio technologies.
Two months ago, I did a piece called A Fascinating Ratio, which suggested that a major reversal was coming once the ratio reached about 2.0. At the time I did the post in mid-May, the ratio was a little under 1.8, but thanks to the unflagging strength of equities, as well as the unwavering suckiness of precious metals, this ratio is up to 1.95. We’re getting very, very close to what I think will be a major pivot point, and perhaps the pairs trade opportunity of the decade: