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.
Earlier today, I had never heard the name John Fetterman. I wouldn’t have recognized who he was if I saw a picture. But in recent days this relatively obscure Lt. Gov. of Pennsylvania has been pushed into the international spotlight. (His official photo, left, reminded me instantly of Carl from Sling Blade):
The stock market has always loved political gridlock. The reason? I suppose because the more enfeebled D.C. is, the less they can muck things up.
Imagine the likely political situation in which we have President Biden and a McConnell-led Senate. This is almost certainly going to be the case. Green New Deal? Not going to happen. Big tax increase? Not going to happen. Stimulus package to bail out blue states? Not going to happen. At this point, I think Biden could ask for a Hug a Puppy Day commemoration, and they wouldn’t let it through. So there’s going to be this huge government structure in place that gets absolutely nothing done.
As far as Wall Street goes, that’s just fine and dandy, as we’ve seen with the explosive move in equities every since we opened on Sunday……..
It’s past midnight as I am typing this. I’m tired. It’s been a long day. But I can’t go to sleep without one more post. For starters, here’s what the Russell has been doing the past few hours:
I’m not always the sharpest knife in the drawer, but this time, I really outdumbed myself.
For weeks now, I’ve been increasingly concerned about the tone of the site. I have spent an inordinate amount of time addressing this issue, mostly behind the scenes, with a combination of engineering efforts and diplomacy.
Anecdotally, we might guess where all the “Dislikes” are coming from, but I’ve got the data. (As a courtesy, I have blurred out the actual names, since Lord knows there is a lack of civilized decorum in present society). One of these chaps is dead, so no more worries there, but it looks like some folks spend an awfully lot of time bashing that downvote button. Thousands upon thousands of dislikes.
(more…)The correction that began in August amid the ‘Buffett Buys a Gold Stock!‘ tout has now ground on for nearly 3 months. As noted in the NFTRH 626 Opening Notes segment:
“Thus far the correction in gold, silver and the miners is perfect, where perfection means long, drawn out and maddeningly frustrating to bulls (and bears thus far). That’s what corrections are, remedies to excitement, confidence and of course, greed.”
We are managing the technical details (and associated strategies) of the correction in HUI and individual gold stocks each week in NFTRH, but as a gold stock investor it has not been a time for making money since August. As a trader it has been a difficult time for making money as well, because of the lack of a definitive drop that the sector’s corrections are known for. It has been a grind, and in that annoying, time consuming process, it has been perfect.
(more…)
