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 wheelbarrow full of uncertainties we all faced at the start of this week has lightened considerably. The penultimate FOMC is out of the way, and three of the five mega-earnings are also done. The biggest news of all is that the risible China/U.S. trade “war” has been set aside – – yet again!! – – but this time, a full year instead of 90 days. What a triumph! And China better mind its Ps and Qs. After all, we’ve got soybeans and sorghum………..
Our friends at Elliott Wave published three charts I wanted to share. The first is my favorite, because it shows that bears have now gone extinct. The investors “intelligence” survey illustrates that advisors haven’t been this bullish in a full seven years. Looking at this chart, it seems to me that extreme bearishness is a better pivot indicator than extreme bullishness (notice how many times the bullish percentage was high, but the market kept chugging along).
Yikes! Electricity is about 200% more expensive in California than in my home state of Louisiana.
Just yesterday, I did a post about a new short position in Carvana. It didn’t occur to me that earnings were coming out the very next afternoon, but they were, and so far, the results are encouraging.
In spite of all the mayhem this afternoon, I’ve got a lengthy meeting, so I won’t be posting new content until a couple of hours after the close. In the meanwhile, here’s a shocking fact: remember when being a millionaire used to be a huge deal? Thanks to the Fed, it’s the most common thing in the world, with the average household (not median, but average) being worth $1.3 million!
