I always get a kick out of videos like this………it’s like stepping into a time machine. Besides the fact that I like the song, it’s interesting seeing what just regular people looked, dressed, and acted like in those days. I was just an infant, but for some reason this really strikes a chord with me.
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.
Trio of House-Related Shorts
Up 0.25. Down 0.25 Unchanged. Yeah, not exactly a riveting day on the ES, is it?
Anyway, here are three interesting ETFs for the one or two bears left who think that homebuilders may be ready to take a U-Turn.
Like a Rubber Band
The big post-earnings mover this morning is Snap (“a camera company”) which is getting some much-needed love. As I’ve tinted below, it seems this company can’t have an earnings report without some explosive move either up or down. After all the recent troubles with redesigns and “spectacles”, it’s nice to see the company finally get their day in the sun.
The Easy Drift
It seems that nighttime is the only time that the markets have any dalliance with the color red, because in short order, any brief weakness is eradicated in favor of the market’s official color of 2019: green. As I said yesterday morning at about the same time:
So in case anyone is wondering why, as usual for almost every day since December 26th equities are up across the board, the answer is a simple one and can be used for the foreseeable future: because they didn’t see any reason NOT to be.
Thus, we remain in “drift up” mode. We all know the habit of markets to move quickly when going down and slowly when moving up (which some refer to as – ahem – the slope of hope). You can see it clearly below: from December 3 to December 26th, it was just a gravity-tormented free-fall. Ever since Boxing Day……..just a grind higher and higher. Slow. Steady. Relentless. And probably persistent until this whole China Trade thing is settled.
Hedge Hog
Even though the S&P 500 index is over 6% beneath its lifetime high, you would never know it looking at HDGE, which is the ETF dedicated to selling stocks short. It is pretty much at its lifetime low, as if the market itself was at a lifetime high (which, the way things are going, shouldn’t be much longer now).
