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.
Minding Volatility
Who’s to Blame?
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.
An Act of Defiance
Well, here we are again. Every morning, it’s the same thing: all the equity futures up fractionally (which, over time, has led to a literal 900% run-up in the S&P 500 since 2008) and at lifetime highs, in spite of every scrap of fundamental data saying that valuations are in la-la land.
