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.
I continue to be “cautiously pessimistic”, so to speak, about my bevy of bearish bets. Here are the ten most profitable so far in percentage terms (as opposed to Gartman’s yen terms) which I plucked out of my existing set of live shorts.
If you want to see the shutdown in a single chart, here it is: the retail sales of clothing on a monthly basis over the past thirty years. Here’s a fun game: try to spot when the economy closed. Please note that the nearly vertical line at the right side of the graph is not part of the chart grid.
I have been ramping up my positions. I have 90 – count ’em – 90 shorts. To be honest, there were dozens of other potential ones, but I picked what I felt were the best.
I know how smart all of you are, and it is likely you would deduce I am bearish. I would like to offer the following charts, illustrating what I perceive as important repulsion points.
If you want to see what Americans truly values, look at where the lifetime highs are. Specifically: buying stuff and watching stuff. Passive consumerism. God Bless America.
