Here’s a name we haven’t heard in a while: Lincoln Financial (LNC). These days, financial stocks are blasting to lifetime highs, but LNC, while benefitting from the lift, is not in that lifetime high group. Instead, it is coming up against important resistance. I have purchased June 2025 $40 puts.
(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.
Banking Blast-Off
Anything to do with finance, especially big investment banks, was met with a complete bonanza after the election results.
(more…)U.S. Dollar Charts (by LZ)
Blue trendline on the Euro goes back to the 2001 low.
(more…)Banks Making Bank
Want a business with PRIVATE profits and PUBLIC losses? Open a bank! It’s the one perverted segment of our ostensibly capitalist society in which the government just bails you out, no matter how badly you screw up. Look no further than ANY bank stock to see how this works out.
(more…)You Can Take That to the Bank
Been to your bank lately? I rarely go, because there’s no need, but the banks that I do visit have the same thing in common: 90% of the place is unused. I have no idea why they’re dumping money into leasing these cavernous relics from the 1950s, but they might as well shut down almost all of them, particularly since for every 15 teller stations there’s 2 tellers, tops.