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.

Bank On It

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I’m a good dad. A loving husband. A pretty bad bass guitar player. An excellent chartist. And a lousy bull.

As I mentioned in the comments section, I took my profits on my QQQ calls and I also took my profits on my XOP and XLE puts (which, in a strange way, were “bullish” plays, since the relaxation of crude’s price was definitely associated with equities breathing a sigh of relief). To be clear, I am not at ALL aggressively positioned now, with 50% cash (a level not seen for many months). I am in “watch and wait” mode, and would respectfully suggest the level below on the financials as a prospective places to get bearish once more.

xlf
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Out-Flipping-Standing

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The mornings are always the toughest.

I’ve got no problem standing here, waiting for the seconds to tick down to some big event, like an FOMC announcement. I’ve got no worries managing these gazillions of positions hour by hour. But, waking up at 4 in the morning, looking into the darkness, I have no idea what I’m going to face. Especially these days. Is there peace? War? Has a nuclear bomb exploded? What’s going to face me when I flick on that very first screen and see what the day is going to be like?

That, then, is the toughest. But by 5 a.m., I tell myself, well, bucko, time to face the music. Get yer ass outta bed, get downstairs, and flick that screen on.

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