An absolutely superb head and shoulders top.
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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.
The criminal executives from some of the bigger failed banks were dragged in front of the Senate today to explain how Nothing Is Their Fault. Some of you might think I am an unfiltered person. I assure you, I am not. I’d say I keep my mouth shut about 95% of the time. I’m definitely going to refrain from describing, in grotesque and lurid detail, precisely what I think should be done with every banker in the United States. Please enjoy the show below. It’s a delight, albeit a farce.
I’ve had countless “fish that got away” situations over the past eighteen months. One of them is MetLife, which is a fantastic short from which I profited. Sadly, I took profits a few weeks ago, and this thing looks like it could get utterly blown to pieces before it’s all over. Congratulations to those of you to were more patient than lame old Tim.
It’s disgusting. It’s appalling. It’s all driven by hundreds of billions of dollars of stock buybacks. But it’s real. What I’m referring to is the 3,000 points the /NQ has added since January for absolutely no reason at all except for what SHOULD be a crime: the self-dealing purchase of one’s own stock in the open market. There is, at the moment, nothing bearish about this chart.