What a gyp.
The world was supposed to be falling apart by now. Collapsed peace talks. Surprise blockade. Turmoil from all sides. And yet the entire goddamned market is UP now. The drop has been completely undone.
Worst. Crash. Ever.
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.
American Okey-Doke
Many years ago, the great George Carlin spoke of a tendency in this country, no matter what the circumstance, to assume that in the end everything would work out. We’re trained to believe it via our television shows, our musicals, and our movies: in this three-act play we call life, everything is going to be all right in the end. He referred to it as the American Okey-Doke.
This is precisely why, in the fact of news this weekend which should have the markets crashing by many thousands of points, we have equity futures that have flipped by about half a single percentage point.
Earnings? Remember Those?
There’s a lot more to life than the Strait of Hormuz, you know. This week, we’ll start to get some other data points.
Knights of the Realm
I’ll be the first to say it: my surname rules. It’s monosyllabic but pregnant with meaning. Perhaps one of my children will be a Senator one day and make good use of the name. I mean, for God’s sake, we’ve got a Senator Crapo, so certainly a Senator Knight would be a superb brand. God knows they’d be smarter than any of the others.
Short Portfolio Two
Below are the charts for all the short positions in this portfolio; as usual, I’ve zoomed in the most important recent portion of history, and the dashed red line denotes the stop-loss price.
