The man knows what he’s doing. Powell’s declaration that he’ll cause no more pain is cheering the markets massively.
Powell Pump
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.
Super-Dow
Well, if this is still a bear market, the Dow Industrials never got the memo. It is barely lower than its lifetime highs, and it has wrecked the modest series of lower highs that had been in place. So we’re in a no-man’s land again with this one. Here is the fund symbol DIA:
Diamond Choker
There were times, earlier this year, that I would scold myself for being so timid with my options purchases. What was I doing, I would ask myself, buying options that had so much time on them, when other folks were getting options that were (in percentage terms) performing way better than mine, since they had taken a more aggressive stance with respect to price and time?
Well, I’m having no such self-flagellation lately, since just about the only good thing I can say about my positions is that they had a crap-load of time on them, which makes a horrible day like today, and a horrible period like that past five WEEKS, bearable. I have lightened up somewhat (15% cash now) but, generally speaking, am still poised for weakness, which should happen sometime before we have colonized Mars.
(more…)More Bull Chow
It feels like last Thursday morning all over again.
In spite of the general consensus among readers that this morning’s Producer Price Index wouldn’t be a big deal (although Honduki got the nuance correct…………)
A Bar Fit For This Week
