Caterpillar (CAT) announced earnings before the open, and the stock is blasting higher. Kindly note its relationship to the intermediate-term trendline. This may be the whole of the move.
Nine Lives
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.
GDP Good or Bad?
The advance GDP number just came out, and not only was it positive, but it was better than expected. So I guess the recession’s called off, right?
Metadeath
As you’re surely aware by now, the most widely-followed earnings report after the close on Wednesday was Facebook (umm, Meta), and they’re getting destroyed after hours. I first gained awareness of “The Facebook” years before most people, since their first real office was literally one block from my own in Palo Alto. Many times I would see Zuck walking around the streets, talking to employees one-on-one or, occasionally, jogging. I even remember their chalkboard sign propped up on the sidewalk encouraging applicants to come in to get a job at TheFacebook.com. Little did any of us know that it would (briefly) be a trillion dollar company. Here are some thoughts I have on the matter………..
Seven Years: Gone
The stock has already had a wretched year before today, but they’re getting torched by another 20% after hours (and what idiot jumped in immediately after the close and paid $142 for this thing, hoping to get in cheaply?)
Now and Then
Last night, I was publicly chastising myself for not having the guts to stick with my Servicenow (NOW) puts. As I’m watching this thing roar about $40 higher, post earnings, I’m not feeling bad at all! On the contrary, I am salivating at the thought of getting into these suckers TOMORROW at a great price, because now the chart looks totally sweet!
ES Easy Makes Me Uneasy
Ummmm, that’s awfully clean. I said 3900. It stopped about a pixel away from that and flipped south. Is God seriously this munificent? Or is this a trick? I say again, my confidence is in total tatters.
