When I glanced at HYG just now, I thought it was a data error of some kind. HYG is the boring old corporate high yield bond fund. It just doesn’t move like this. But it’s real. Up 25% in 14 trading days. Thanks to the Fed declaring they are going to pig out on this stuff.(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.
Through the over 5,000 Dow point explosion lately, one short which has been perpetually faithful has been gun-maker American Outdoor Brand Corporation (AOBC). This has got to be one of the most amazing H&S patterns in history, and if it completes, it portends disaster.
Preface to all six parts: For better or worse, I have 75 individual short positions, all of which I am sharing this weekend. I will have three posts of ten charts each for everyone, and three posts of fifteen charts each for Gold/Diamond members only. Some key points:
- As always, click on a chart for a substantially larger version;
- You can always navigate from chart to chart once you are looking at an enlarged chart by clicking the arrow keys flanking the chart;
- I have zoomed in on what I consider the most germane part of the chart which will hopefully make plain why I am bearish on it.
As we look forward to Q2 – – and in particular, the coming weeks, which should provide some absolutely hysterical earnings conference calls – – I offer you ten different shorting ideas.(more…)
It just kills me how hardly anyone cares about what the central banks are doing. The federal government promising as many trillions as Larry Fink of Blackrock wants, so that he can buy infinite LQD, should have people rioting in the streets. But, nope. This is the equivalent of the Fed telling Tim Cook he can buy as much AAPL as he wants in the open market with infinite trillions. Just vomit-inducing.
In a similar vein, the Japanese equivalent of our Fed has been making direct purchases of their stock market for years, in order to prop up their zombie economy. I’d say the recent lift is coming close to an end, as we approach the price gap.
The entire thing is a global farce, which 99.9999999% of people are too lazy or ignorant to grasp. It’s pretty sad.(more…)
As we blast higher to emerge from the 12,000 point $INDU selloff, let’s just drink in, if for nothing else but prurient curiosity, some of the worst drops of the short ideas I had earlier this year.(more…)