One of the most vulnerable sectors in this goes-up-every-market is, I believe, the banks. Earlier today, I shorted KBE, with a stop at 46.35; it is already showing a modest profit.
Bank Shot
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.
Unchained Morgan
The Truth About VCs
I had a lengthy and fascinating conversation with a venture capitalist on Sunday morning. He was kind enough to send me the video clip below, which I found illuminating. It’s twelve minutes, and I encourage you to give it a listen.
Stair Steps
I watch the financials ETFs quite closely. The bank sector one, symbol KBE, has, on an intraday basis, been making a steady series of stair steps in recent days. The lower highs are circled, and the price gaps are definitely aiding the fall.
Unicorn Horns
With all the “year end roundup” stuff happening, I got an email from TechCrunch mentioning their Unicorn Leaderboard, which I had never visited before. As you might guess, it is a compilation of all the funded private companies which ostensibly are worth more than a billion bucks. The sum total is at the top, showing the not-quite-plausible $2 trillion valuation of all these outfits, almost none of which I’ve ever heard of.
