I hate to say it, but one of the few charts I see as plausibly and strongly bullish is simultaneously one of the most evil entities in the world: Blackstone (symbol BX) whose utterly heartless chairman, Larry FINK, may well wind up being Treasury Secretary, just to wrap up the utter regulatory capture by the financial industry.
(more…)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.
What Will Drive Brazil Nuts
Wh-UPS
From our “Try Not to Overthink Things” department, I offer you the following.
Yesterday, based upon the enormous and well-formed topping pattern in UPS, I decided to buy October $150 puts. I then noticed yesterday that UPS reported earnings this morning (if you need some help with the relationship between yesterday and today, I direct you to Ms. Harris), and that made me a little nervous, so I trimmed back my position a bit out of nothing but cowardice.
(more…)