I read as much as I can, and I’m fairly familiar with regular contributors at the sites I visit. There’s one chap, Graham Summers, who has an outfit called Phoenix Capital Research. He has a well-earned reputation on Zerohedge for being apocalyptically bearish. He makes me look positively even-tempered in comparison. Most recently, however, there’s been a 180 degree change.
(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.
Changes in the Rearview Mirror
For years now, I’ve done something which is a bit unusual, but I find oddly helpful, which is to track the positions I have closed out. In other words, when I close a position, I move it to a different part of my portfolio spreadsheet, updating its “entry” price with its “exit” price so that I can see what would have happened to that position if I had simply hung on to it.
By its nature, this is a constant source of either relief (“Phew, glad I got out!“) or regret (“Idiot! Coward! You should have hung on!“) I constantly have my eye on the rearview mirror.
(more…)Volatility Demolition
It seems almost impossible to believe that last week the VIX was nearly at 70, and now we’re threatening to go into the sub-teens again. I don’t think I’ve ever seen a drop this fast. Not even close.
All Is Well!
The VIX has, in 50 hours, collapsed by nearly 70%. Organic, huh?
Marco Polo
You just HAD to know what would happen next, after he quit.