In spite of a few bright spots on the short side (NEM, FLR, AINV), it isn’t a good day for me, for obvious reasons. I’m probably the last person you think might say this, but looking at the broad indexes, if they can sustain this post-jobs rally through key resistance points (illustrated, for example, by the green line below, pierced by the conjectural arrow) then the bulls will continue to be in charge for months, if not years, to come.
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.
Well, it seems that U.S. employment has actually got some momentum (and I daresay, on a non-financial note, this improves the chances of Obama getting a third term – – AKA Ms. Clinton). With another blowout month, one of the few assets that’s getting smacked down is gold (I mentioned on Tastytrade yesterday how miners were looking awfully long in the tooth, so I shorted NEM). Here’s the front month for gold as I’m typing this: