If I may pat myself on the back, my identification of the trendline touch for KBE was spot-on. Score 1 point for the pure bearish spirit, and negative 1 for the hideous ogre Abby Joseph Cohen, the Medusa of the modern age.
Busted Banks
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.
Bank Shot
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.
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.
