I’m typing this on Tuesday night. Early on Monday morning, I did a pre-opening post called The IHS Threat which – – awwww, hell, c’mon, go read it yourself. If I wrote it at 5:30 in the morning, you can surely trouble yourself to read it without me summarizing it. In any case, the “threat” is looking very close to “reality” at this point:(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.
Unhappy Face Pattern
The ridiculous public company WeWork continues to crumble to lifetime lows in the midst of its unhappy face pattern:(more…)
At Least Reverse Repo is Calm
F.W.F. Exhibit A
I’ve mentioned in recent weeks my uneasiness with the surge in paid subscriptions, since I’ve seen this movie before – – – if the market sells off really hard, THEN people show up wanting bear ideas, often when the selloff is just about over. This morning I got a cancellation notice (I read every single one) and I noticed immediately how short-lived this “Foul Weather Friend” stuck around (I have blotted out the name as a courtesy, since my objective is to make a point and not “out” the person):(more…)
MICE At the Midline
Below is an updated graph of my Most Important Chart Ever (MICE) which is the S&P 500 cash index divided by the ten-year interest rate. Quite clearly the days of ZIRP are behind us, and the one-two punch of higher interest rates and lower stock prices seems most likely in the years ahead.