Join everyone over on SlopeTalk as we watch the Powell presser together.
Federal Reserve LIVE!
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.
Topping Power
Quantity Not Required
Over the weekend, I did a video about three big lessons I learned recently. Contrarian that I am, even to myself, I want to run directly into one of these and debate it: specifically, the point about how real profits come from LARGE quantity positions that are shorter-term in nature.
You see, I track not just my active positions but also the ones I close. I want to see how good or (more commonly) bad a decision I made by getting out.
What struck me this morning, when I sorted out the “would have been” percentage values, is that the BIGGEST gains, both percentage-wise and dollars-wise, were in tiny positions (like 4 or 5 put options) in expensive names. Specifically, Albemarle (ALB):
Bonds Lead the Way
Yuck! I’m not liking this week one little bit! The ONLY good thing is that I lightened up so much, so the damage is attenuated. And what financial instrument is yanking the bulls out of the quagmire and into victory? Bonds, of course………..
A Pair of Horrifying Commercials
As we await the Fed later today, enjoy these charmers. I meant to show them for Halloween, but we’ll do them for All Saints’ Day instead………..
