The one and only thing that saved my bacon on Wednesday was energy stocks. I’m pleased to say I think more crumbling is on the way, thanks to crude oil:
Next Crude Failure Up
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.
Relative Victory
Well, since China continues to completely fail in their obligation to nuke Taiwan, the equity markets keep ripping higher, since evidently a couple of weak days this year (June 9th and 10th) was all that was required to undo the damage wrought by the past thirteen years of screw-ups and $32 trillion of bull welfare. Oddly, in spite of the bulls smirking and fellating their way to victory, I’m having quite a good day, thanks principally to the fact that oil is crumbling (in spite of its enormous pop early today). Here we see this by way of SlopeMatrix:
Cashing In on Crude
Energy Wanes
A week ago, I mentioned getting serious about being an energy bear again in my post Recycling Energy. Even though the marvelous sell-off in equities was (of course) largely reversed this morning, crude oil is steadfastly taking its beat-down.
ETF Focus: Energy
Preface to all ETF posts: Just a quick overview this weekend of some general categories. You know the drill: click on any chart for a larger, easier-to-see version.
