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.

Municipal Madness

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Only a government employee could point to a 99.5% failure rate and declare it a success.

Look no farther than my local newspaper this morning: the city of Menlo Park (which is an affluent superb like Palo Alto, but even whiter and more sheltered) spent hundreds of thousands of dollars on equipment to read the license plates of all the cars passing by certain intersections. (We’ll set aside the creepiness of the surveillance and just focus on the economics here.)


Prepare Ye

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My “try to be a partial bull” yesterday blew up in my face. Not to be vanquished, I gave it another go today, and it’s working out (so far!) My best winners haveĀ been XOP and XME, and I’ve got a smattering of other long positions. In addition, I’ve trimmed back substantially on my shorts.

Having said that, let me be really, really clear: I think the Short Setup of 2015 is coming soon. I intend to hang on to these longs for a while, but they are, ironically, going to be my short signal when they reach their targets (well, let’s be humble – – IF they reach their targets).

One other helpful chart that I think will be the “all clear” for bears is JNK, shown below. If we can hack our way back to the level shown (and perhaps tomorrow’s Fed meeting will do the trick – who knows………) I intend to be obscenely and pornographically short. Until then, I’m in a relatively “balanced” portfolio, and crude oil in particular is being very helpful right now.