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.
Since everyone’s obsessed with the potential shutdown, let’s reflect a moment of the engines of government working right now. For instance – – although a $21 trillion debt and its suffocating interest is going utterly and completely ignored by every politician in the country………(and that doesn’t include unfunded liabilities):
We here in California at least benefit from bold leadership on the big issues.
We have been long the ProShares UltraShort 20+ Year Treasury (TBT) — the inverse, double-levered, longer-term T-bond ETF — in our MPTrader Model Portolio, expecting a downturn in T-bond prices in conjunction with a generational opportunity to capture the upturn in yield and interest rates after a 35-year bear market.
Yes, “the turn” has become a marathon, certainly not a sprint. However, increasingly my big-picture technical chart set-up argues strongly that yield will inexorably grind higher towards significant bullish catalysts that will propel both yield and the TBT higher in the months ahead.
As I type this, the House has passed yet another fund-the-government-a-few-more-days resolution, so now it’s up to the Senate. And when I look at the face below, I see a man of action. I see a man of strength. I see a man who will not compromise. Actually, none of that is true. What I see is a chinless, feckless dweeb who would utterly fail anywhere except the poisonous swamp of Washington D.C. But I suspect he and his insipid colleagues will vomit up enough votes to get the vital, vital services of our federal government running a little while longer. And thank GOD for that, right?
For some reason, Alcoa is traditionally the first major company to announce during earnings season, and this was the result last night…….
