Slope of Hope Blog Posts

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Double Bag It

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I’ll preface this by saying that today is going to be a strange one. Obviously people are crazy-eyed optimistic at this point, but the real “news” won’t happen, it seems, until just after the close (how about that timing, eh?) since the Trump trade meeting at the White House was oh-so-coincidentally scheduled at the end of the trading day. Thus, I’m not sure how useful any kind of “analysis” is going to be leading up to this binary event. We’ll need to wait until Monday morning to see what goes where.

In the meanwhile………..a guaranteed way to lose this money for 2019 has been to go into any initial public offerings. Stock after stock had CNBC-driven mania around it right up until their investment banks dumped the shares on retail bagholders, and it’s been a bath ever since.