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.
Robust Push-Back
Well this is pretty damned sickening. On the one hand, you’ve got what happened on Wednesday with Powell’s speech. It was a speech. Words. Words from a bureaucrat meant to reassure. Just words. And yet, not a downtick all day. An absolutely brutal, unrestrained run-up.
Awww, Gee……….
Ugh. Here’s “the fish that got away” story.
For the longest time, I wanted to be short G-III Apparel (GIII) but the options for it absolutely STINK. So I left it alone, even though it looked like a great short.
The Price of COST
Well, I blew this one.
I had puts on Costco (symbol COST). During yesterday’s shotgun-to-the-face nightmare for the bears, for absolutely NO reason other than unchecked panic, I dumped half my position about where the arrow is shown. Well, you know what happened next. I took a loss on what I dumped, and as I glanced at my spreadsheet right now, there is a 60% profit on them (and they have 106 days left on them as well). Just pathetic on my part. At least I didn’t dump 100%, but Jesus, what a ghey-boy.
Brutal
There’s just no other word for it. Today, for the bears, was absolutely brutal.
You see, over the weekend, I was thinking to myself how crucial it was that the market begin to weaken. That transpired beautifully on Monday. Tuesday was immaterial: nothing of note happened.
Today, however, blew a shotgun blast right through bearish hopes. In fact, the fun part of this bear market ceased abruptly on June 16th. Since then, it’s been a total hellscape. We seemed to be getting back into business in October, but with the October 13th CPI report, that was all over. It’s been a nightmare ever since.
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