There’s pretty much only one chart which has had the stuffing knocked out of it over the past six weeks: volatility. We are back down into the “nothing bad will ever happen again” pre-teens zone.(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.
In a twisted way, I love days like this. All the doe-eyed good news is splattered out there, and I can sell into the strength. I was at a mere 18 shorts this morning. Now I’m up to 51, and climbing every minute.
One item I covered way too soon, but mentioned many a time as a short, is Macerich. I seem to have trouble accepting that things can grind their way down toward zero, but it takes a long while (like, say, Pier One). I’m not long anything right now including, sadly, patience.
Kindly take a look at this graph from the good folks at Elliott Wave:(more…)
Before I begin, I wanted to mention at the outset that we’re planning on taking the site down tonight for 20 minutes (hopefully!) as an important step in speeding up everything. The speed improvement won’t be done for about another week or so, but at 1:00 a.m. EST we’re going to be shutting things down, so please know this is planned. Now, on with the post…….
When I started the trading day on Monday morning, I was puzzled and startled by a rather large loss, because the ES and NQ were only up a little bit. It only took a moment or two for my eyes to land on the culprit:(more…)
One company that hardly anyone had ever heard of in April but is the talk of the town today is, of course, Beyond Meat.(more…)
It’s hazardous to mix smart people with money. Here in the Silicon Valley, I’m surrounded by super-smart loonies that come up with the most ridiculous ideas, such as the notion of filling yourself with the blood of younger humans in order to sustain your own life.
Does Peter Thiel seriously want to be stumbling around at the age of 140? Even more important, do any of us want to see a 140 year old Peter Thiel inching his way toward the bathroom again, living day to day in a painful stupor? Yeah, I didn’t think so. Our present lifespan is just about right.
Anyway, of all the dumb ideas my wealthy neighbors wallow around in, this has got to be the most annoying one of all:(more…)