Dell’s right triangle top is just pitch-perfect. It has been bleeding out several days now.
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.
Counter-Trend Failing
I like this new trend: the bulls came out each day, prancing and giggling, trying to push the market higher, and then they get smacked across their freshly-shaven cheeks by reality. Look, Earth. The market is more overvalued than any time in the history of the planet. It should be 80% lower. These little counter-trends are absurd. Still, they provide opportunities to short at good prices, so – – thanks, Mr. Lee! You’re a peach!
Shorting the Fatties
Eli Lilly has traditionally scared me. I mean, let’s face it, a totally evil company that sells drugs at 10,000 the times of the cost of materials which has the pathetic U.S. healthcare system over a barrel is a pretty damned good business model. It is sporting a P/E in the triple digits, which is normally what you would associate with a new biotech company at the cusp of curing cancer, not an ancient organization that sells stupidly named pills to the desperate.
Mister Tripod
Good morning, everyone, and welcome to the second half of our shortened trading week. As a reminder, the three-legged investment outlook I have is simple: bullish gold, bullish bonds, bearish equities. This week, it is playing out nicely!
