Not much of a day today. We remain in the “Industrials weak, NASDAQ and Small Caps dominate” kind of market. It feels like January 2000 in that respect, as the old-school megacaps are getting left behind by the young upstarts.
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.
Volatility Banned by Federal Decree
Looking at the past decade of volatility, the trend is clear:
(a) occasional spikes every couple of years
(b) even during the spikes, a high which is lower than the prior high
(c) a gradual grind down to a $VIX almost at single digits, lingering around 11-12
Small Caps: To Infinity and Beyond
Well. Here we have it.
The Paper Towel Market
Those of us of a certain age will recall a frequent television commercial for paper towels illustrating how much more absorbent they were than the competition. They were described as “the quicker picker-upper“, and their absorbent qualities would be illustrated thusly:
It occurs to me that this is precisely the kind of market we are in right now. If bad news comes, sure, there might be a day or two of rumbling and hand-wringing, but it all gets absorbed, it all gets digested, and everyone moves on. Recent history has been just another example of this resilience. All the horror about a global trade war seems to have been shrugged off in a matter of three days. (more…)
The Trader – A Must-See
Some of you have seen this before. Some of you haven’t. I’ve watched it many times. If there was one thing that convinced me that I wanted to live in the world of trading, it was this 1987 documentary on Paul Tudor Jones: The Trader.
