The finger is already inside.
Mary Jane Rottencrotch
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.
The Face of Failure
Here, in a single chart, is the failure of the bulls (which is everyone except me and maybe two folks here on Slope) to take back control of the market.
War is Peace
The conflict in Iran is only a few days old, and as yet it is hard to see how it will develop, and there seems little agreement as to whether it counts as a war. Both Trump and Hegseth have referred to it repeatedly as a war, but as only Congress has the constitutional authority to declare war in the US, there have also been numerous explanations from administration officials and the Speaker of the House as to why it is not actually a war. I think President Trump described it as a ‘Special Military Operation’ at one point yesterday and for a number of reasons perhaps that is the best way to describe it.
I wrote a post on Tuesday looking at the possible major disruption in oil markets that could happen if Iran can close the Strait of Hormuz to commercial traffic and the US is trying to prevent that, but we’ll have to see how that goes.
(more…)Lou Diamond Phillips
It’s been a very exciting trading day so far, with yesterday evidently being the bulls’ best effort to turn this thing around. They are failing. In particular, my best money maker is DIA puts, which I amped up yesterday. For whatever reason, the industrials are quite weak compared to its compatriots.
Adding to Credo
I want to publicly and ruefully apologize for my tardiness this morning. Long story! I’ll just bang out a super quick thought for the moment and loop back later with something more substantive.
I wrote yesterday about Credo (CRDO). I had June puts on it with good profits. A couple of days ago, I sold a third of the position off to trim the risk (it had become too fat). This morning, CRDO is soaring. Am I upset? Nope! On the contrary, I have re-established my full position. I think this one is going to be a long-term winner.
