As some of you know, the Buffett Indicator (that is, total market cap divided by GDP) is at levels, if I may quote the President, “never seen before.” It’s truly jaw-dropping and has even over-shadowed the lunacy of early 2000.
Buffeted About
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.
Momo!
Over at the permabull site Zerohedge, I was glancing at an article which broke down the Goldman Sachs (of course……..) basket of high momentum, high beta stocks. They presented the list in two dense graphics, here and here, and I decided to use my old friend Grok to tease out the actual symbols.
I first asked it to suck out the symbols from the second column of each graphic:
Natural Gas Update
I’m reminded of comedian Dana Gould’s line: “Russia isn’t a country. It’s a gas station with an army.”
Too Tough to Pronounce?
Porsche is definitely an outlier in the increasingly prosperous (and increasingly showy) wealth of the Chinese people.
Semi Sector Gaps Held!
I have short positions in all three of the semiconductor companies below, and the rationale for my position is the same for every one: a price gap as a resistance level, which I’m using as a stop-loss. In every instance, the stocks have exploded higher since early April, and they are quite vulnerable to resuming their earlier weakness.
