One of my Twitter followers asked me this:
Happy to oblige!
(more…)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.
What a Silly Quant
Welcome to Christmas Week, everyone, as the shortened trading week begins.
Well, following the preposterous lifetime high established by the ES only a few trading goes ago, the equity markets have continued to weaken, prompted most recently, and ostensibly, by the (thankful) failure of the idiotic Waste More Money program that the Feds were going to launch. It’s pretty sad when the biggest achievement of the government is when they DON’T do something.
Reruns
Well, none of us can claim to be surprised. If, out of a sample set of 400, the correlation is precisely -1.0, then you’re on to something. Yet, every time, I figure, meh, maybe the old bugger will be right this time. Nope. Never. Not even once.
An Improved Real Estate Analog
This is a subtle change, but I think it’s worth mentioning. I’ve never been too happy with the left trendline on IYR (the real estate ETF) so I’ve adjusted it and am much more satisfied with the result. It is far more accurate as an analog, plus it just so happens that now that angles of the lines are just about identical (62 degrees and 69 degrees, respectively). The bottom line is that I think the long-term direction of IYR is going to be substantially lower.
Real Estate Analog
Good morning, everyone. Well, it’s Revenge of the Bulls this morning, isn’t it? Meh. My options are all expiring next year, some of them 134 days out, so I’m not going to let a few minutes of a bullish fever dream rattle me.
I’d like to point out the topping pattern going on with symbol IYR, the real estate fund.
