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.
I think I’ve mentioned this before, but after 50,000 posts, I can never be sure: when I was in high school, our business class teacher told us that Coca Cola’s name alone – – nothing to do with the actual product itself being sold – – was worth as much as a billion dollars. We could hardly believe it, since the notion of something totally abstract as four letters being strung together as “Coke” being worth that much seemed unreal – – but that was a long time ago.
The ETF representing the financial stocks has completed a clean top with a well-defined gap at 50.91:
For all the anxiety leading up until today (I probably woke up ten times last night to see what time it was), it has been incredibly mellow. I have:
As for my dozens of little equity shorts, I have, as usual, merely examined them one by one and tightened up stop-loss levels where appropriate, which was in many cases.
As is so often the case with thrilling Sunday night action, by the time we wake up to see what Monday holds, the movement is wholly or partly gone. For example, crude oil last night was on an absolute tear, moving up to about $120:
