Lower lows. Lower highs. Steady every day. Keep it coming.
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.
Gold Gap Closure
I’m satisfied with gold’s proximity to its gap that I have re-entered my DUST position and a short GLD position. I’ve got tight stops on these, though, and if GLD gets past $115, I’m out. The front month for gold is below, with its gap circled.
The Power of Correlations
I happened to see these from another web site this morning and thought it was worth sharing:
Harry Boxer’s Charts of the Day
Politics, Psychology and Investing
There are 3 Things in the title. Thing 2 is a big key to managing markets and being successful at Thing 3. Thing 1, while a consideration to the extent that it affects policy and structural macro issues, can get people all screwed up with respect to Thing 2, thereby hurting their chances with Thing 3. As noted in an article last April, it is vital for investors to deprogram themselves, especially when it comes to politics.
To the extent I went over the top with the theatrics after the election, making light of fully erected Trump Towers (vertical stock charts of the ‘Trump plays’) and whatnot, I got out of line with my normal mode, which is to tune it all out. But hear me now; the Trump phenomenon was very good for me because it opened up a wellspring of psychological inputs I can work with. The gentle, firmly entrenched Obama whispering lullabys to us for 8 years? A snooze fest.
With Trump, politics are not involved in my market view but psychology surely is. Fiscal (Trump admin) as opposed to monetary (Bernanke/Yellen Fed under Obama) economic manipulation may work or it may not. But it is just a different form of government policy trying to will an economy to do what they want it to do. I’ll just stay open minded because… psychology. (more…)
