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.

Portfolio Update

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Well, here’s my whirlwind update on what’s happening:

  • My anticipation of a bounce was obviously correct. The real question, as I posited in the last post, is whether it’s going to be a quick relief pop or a sustained, multi-week bear-killer.
  • Because I’m a complete wimp when it comes to bullishness, I took profits on my August DIA calls and my large long DIA position. I am “pure bear” again.
  • Having said that, I would hasten to add that I am a VERY CONSERVATIVE bear right now, with a nearly-unprecedented cash level of 60%. In other words, any push higher in the market will be met with only 40% of my typical whining and complaining.
  • My 2022 profit stands at 63%, and I believe right down to my marrow that the best opportunities for this bear market are still in front of us.

Big or Small?

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Welcome back from the, um, three-day weekend thing. I’m glad we can get back to normal life now and trade. And I don’t think I’ve ever cheered on green numbers so much before. As I’m typing this, equities are up pretty much 1.5% across the board, the crypto has had a very robust recovery ($BTC up almost 20% from where I bought it on Saturday morning). Here is the /ES with its ascent since trading re-opened on Sunday afternoon.

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