Even I was surprised to see the size of my little town’s financial dilemma:(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.
The pundits and the media were debating for several weeks leading up to the last Fed meeting about what the Fed was going to do and the effect they thought it would have on the market. And, it amazes that the great majority of the market does not realize how much of a waste of time these debates really are.
But, as I often note, many market participants and analysts are simply not burdened by the facts. If they really would review the facts of market history, they would learn that there is no one that can control the market. PERIOD.(more…)
Former high-flier Netflix is definitely in a bad way. Here we are at lifetime highs in the stock market, and Netflix is down nearly 40% and peaked 15 months ago. Pretty sad……….and yet it’s still incredibly overvalued.(more…)
My favorite kind of request to get these days is for a feature which is useful but, to be honest, not super-hard to implement. After all, I like Slopers to be happy, but I’d rather be able to move swiftly on their requests!
Here is a good example. I recently got a request to make options chains sortable by strike. In other words, they are normally shown with lowest strikes at the top and most expensive at the bottom. This is still the default, but now you can make a choice on our options chain page (available to all premium members, from Bronze to Diamond). One other note: if you are logged in to your brokerage via Slope’s integration, it will draw real time quotes from that feed.(more…)
Some interesting “pivots” happening in the world of banking stocks, such as Bank of Montreal (BMO). One in particular that caught my eye this morning was megacap Bank of America (BAC) which has been pounding out a series of higher highs and higher lows since the depths of the financial crisis. It seems to have stalled at the red horizontal, however, and this morning we’re seeing an intriguing flip lower.
I wanted to highlight one of my shorts in particular on this quiet morning: Tech Resources (symbol TECK). As you can see, the long-term chart illustrates two prior massive tops, both of which were followed by a hearty plunge. The most recent reversal, which is not tinted, has good prospects as well for falling more, even though it has already lost quite a bit of value from its peak.(more…)