Over the course of just fourteen trading days, the market has added thousands of points to the Dow and hundreds of points to the S&P 500, virtually without interruption:
Day Fourteen
Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
Trendline Touch Approaches
Twenty-Six Twice
Although I’ve mentioned 2600 many times, I hope the asterisk I kept declaring was also heard. Specifically, that the mere crossing of 2600 to the upside does not mean we all throw up our hands and give up. I think a figure of 2626 is a little more on-the-mark, and even then there’s wiggle room. Of course, we can’t keep “wiggling” to 3,000, so I’ll put a stake in the ground and say 2626 has more meaning than 2600 did. Please take note of my updated chart below, particularly the “You Are HERE” arrows.
Goodbye, Dolly
As a lifelong lover of Broadway musicals, I was sad to see Carol Channing leave us at the ripe old age of 97. Here’s a favorite song of mine from her most famous musical (featuring none other than Charles Nelson Reilly).
The Joy of Being Overpaid
Throughout my life, there’s typically been one person who decides how much I get paid; me. Since so much of that time has been involved in starting up a small business, oftentimes my salary – – if you want to call it that – – was just minuscule.
I remember quite well in 1993 that I was only able to pay myself $1,000 per month. Let’s just say that was a challenging time.
(more…)Apple Channel
I wanted to show a chart within a chart which is quite interesting: below is the long-term ascending channel of Apple. Present price levels would suggest it is a relatively bargain. However, take a good look at the inset, which represents the price action of the tinted zone. See how it was repelled at its price gap? (This is the price gap created by Tim Cook’s warning about their forthcoming earnings). Simply stated, if AAPL breaks this channel, it’s a whole new ball game for the former trillion dollar company.
Gap in the Pier
I’ve mentioned the Pier One analog countless times, and it certainly seems to be repeating its Financial Crisis Disaster beautifully:
Utility Destroyed
How hard can it be to make a huge monopoly succeed? Not as easy as it looks, I guess. Here’s the woman who was paid $8 million per year to do just that: run a business selling electricity and gas to a captive audience in the most populated place in the country:
Ray Dalio’s Latest
A few days ago, I happened to discover that Ray Dalio, the famed money manager from Bridgewater, had come out with a new three-volume set called Big Debt Crises. I realize this isn’t the kind of thing that would grab most people’s attention, but honestly, it’s fascinating. It is packed with hundreds of historical charts and dozens of examples from other centuries and other countries where economic mayhem took hold. Since I believe the entire globe is heading toward something catastrophic……….forewarned is forearmed. I would urge you to consider getting this book. It’s one click away.
A Better Introduction
From time to time, I get the opportunity to just spend some time with the site and look for little things I want to improve. Today, I decided it was high time to jettison the “quick start” video for two reasons:
- It was WAY too long;
- The audio was just horrible; I sounded like I was in a cave.
Thus, here’s the new 59-second, easy-to-understand-my-voice video: