Veteran Slopers will understand the significance of this song. And the risk I create by posting it.
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.
Moments ago, the President’s address to the nation finished. Many were hoping for the “bazooka“. None was to be found. We were instead instructed to wash our hands thoroughly. In any event, the market doesn’t like what it just heard.
OK. Deep breath.
Let’s start with something simple and discord-free. My positions:
- 5 puts (AMD, BYND, CAKE, MU, KLAC)
- 30 shorts
- No big positions at all, and not a single ETF position
- Doing a lot of scalping during the day, which is unusual for me
- About 80% committed. Relatively light, but still participating.
It’s been a chaotic day. I need to get some thoughts together. I also think some of my better angels took a leave of absence today.
I’ll be doing a post soon.
The lows for the week are being valiantly defended. This could be the major bounce zone. I’m out of my big SPY short. If this level fails, well………
Well, just about the only thing left that countless millions of people cling to to give their bankrupt lives some kind of meaning is failing. The seven year support level for retail has been breached. The world continues to collapse into a heap, aching under the weight of a hundred trillion dollars in debt that will never be repaid. Enjoy the show. Slope is your front row seat.
Anything that is an “asset” is falling. Equities. Gold. Bonds. You name it. I’m short everything. Absolutely everything. TLT just breached another support level.(more…)