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.
Like many of you, I grew up during the Cold War. For my entire childhood, the U.S. and U.S.S.R. were the bitterest enemies, and there was always a lurking fear that someone would press “the button” (wherever it was) and bring all life on Earth to an end. It didn’t make for a great atmosphere, although in retrospect it at least helped most politicians in our own country more-or-less get along with each other. Few things unite a people more than a common enemy.
There have been three trading days this week, and two of those days – Monday and Wednesday – each had a big disappointment. I’d like to talk about the important reason these disappointments are different.
The first one is AMD, which I was short. As of Friday’s close, there was absolutely nothing at all about this position that should have caused concern. Indeed, the stock fell nicely on Friday and seem ready to continue weakening on Monday.
The permabull site Zerohedge (95% of whose content is form variant of “Goldman says…...”) had a breathlessly excited article just before today’s open. You can see what followed. And to think these guys used to harass Gartman non-stop!
I don’t know where things stand with the government shutdown (although you know my strident views on it). It’s interesting to know that the federal government is the LEAST loved entity among the dozens shown here, with Ol’ Farmer Brown being at the romantic top, harkening back to our agrarian past.
