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.
Friday Morning’s Earnings
Let’s, uhhh, not dwell on what happened Thursday for a little while, OK? Because “disappointment” doesn’t even begin to describe it. Here are the big companies reporting earnings Friday morning, which will kick off the Q3 2022 earnings season.
Gapple
I seriously didn’t think I’d have to do one of these “hey, when does this torture stop??” posts after the CPI came out today, yet here I am. Anyway, I’d like to suggest that this gap level on AAPL represents an important marker for when this senseless buying exhausts itself.
Infertile Ground
Just a comment cleaner on this psychotic day. It’s about a fertilizer company, fittingly enough. Umm, what happened here? To me, it’s actually more perplexing that a product as dull and humdrum as Scott’s Miracle Gro would have exploded to such insane valuations, but it’s almost as interesting that it has lost virtually all its value in just over a year’s time.
We Got Our 3500
So as rotten as it is that the market is exploding higher, in spite of a bear-friendly CPI, I would like to take a brief victory lap that my ceaselessly-cited 3500 target on the S&P was achieved. I would further like to note that the last time a major Fibonacci was hit (see yellow tint) the market rallied for over a week, stalled, and then rolled over. With nothing but 2023 puts at this point, I’m OK waiting.
