I love comedy, and I’m particularly fond of Comedy Central Roasts. This one is a classic from about seven years ago, and it’s incredible to listen to what’s said now that the world has changed so much (watch it to understand what I mean). YouTube is pretty good about nuking content like this, so I hope it’s still playable by the time you read this post.
Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
“The Harbinger of Doom”? Of course we (well, the media) are talking about the yield curve AKA Amigo #3 of our 3 happy-go-lucky riders of the macro. I have annoyed you repeatedly with this imagery in order to show that three important macro factors needed to finish riding before situation turns decidedly negative.
Amigo 1: SPX (or stocks in general)/Gold Ratio
Amigo 2: 30 Year Treasury Yield
Amigo 3: Yield Curve
In honor of Amigo 3’s arrival to prime time let’s have a good old fashioned Amigos update (going in reverse order) and see if we can annoy a few more people along the way. 🙂 (more…)
What a week, huh, folks? And this is only the third trading day!
I am having, as you might guess, a good morning thus far. I wanted to note that, regarding financials:
- I sold half my XLF puts this morning for a 70% profit. I absolutely intend to double this position later when I think it is appropriate;
- I covered my XLF short and a smattering of financial stocks.
- I am selectively covering issues here and there, but intend to remain well over 100% committed. Just not as much as before.
The financials have made an important price gap down. The next task is to break October support. Good luck, Slopers.
I am normally a brilliant sleeper. Not tonight. December 2018 is a month laden with decisions and news – – either good or bad – – for me. I am drenched with uncertainty and yet wrapped in faith. And I cannot sleep.
Here’s what’s happening as of this moment. The ES is crashing, although AS I AM TYPING THIS one could argue that this could be another “higher low” and we’ll just do another V bottom.