My big winner this morning is DXC Technology. I’ve gone ahead and covered it for a great profit, although knowing me the damn thing will just keep plunging. Anyhow, it lost a third of its value instantly this morning.(more…)
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.
What a tremendous week this has been (and, again, we’ve still got a trading day left). I think I haven’t enjoyed markets this much since last December.
Until recently, we had to endure a market that was either talking about “trade talk optimism” (surge to record highs) or wasn’t (steady and flat). Now we’ve exchanged that for “trade war tensions” (hard plunge) or lack of news (steady and flat).
Of course, old habits die hard, and “investors” have become all too accustomed to being saved at any sign of trouble, much like a three-year old with helicopter parents. Thus, after eleven years of mollycoddling, those who didn’t like the sting of a small downturn quickly got assurances from the government this week that it was all going to be fine, and easing would be provided if necessary. As our patron saint George Carlin called it, “the Great American Okey-Doke.”(more…)