In sharp contrast to my wailing and teeth-gnashing from only days ago, things are starting to percolate nicely.
Something So Right
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.
I.A.F.T.
I can always tell we’re getting near a top when the Tim Abuse reaches a fever pitch and the taunting on my own website starts belching out.
Nine Lives
On my tastytrade show today, I compared the current market to being like Michael Jordan shooting free throws in a basketball court while Jerome Powell had five huge fans aimed at the net.
You’ve got a man (Michael Jordan) with world-class skills (throwing a basketball), but he barely ever makes the basket because someone (Powell) is introducing a totally alien and unnatural outside force (the multiple powerful fans) into the system.
That’s just how trading feels now. If this was a true organic market, I would convert every asset I have into short positions. The setups are incredible. But that son-of-a-bitch Powell is there, a man who’s never had an honest job in his life, completely destroying free enterprise with his multi-trillion dollar interference. It’s grotesque, and in a different time, the man would be facing the gallows.
In spite of this, I continue to ramp up my short positions. I have 90 now. Almost every one is profitable and I’ve selected the top nine most profitable for this collection. It turns out most of these are bank-related, so maybe there’s something to be said for that. In any case, here are my top winners right now:
(more…)Tuppence a Bag
As a follow-up to my Spare a Quid, Guv’ner? post from yesterday, in which I wrote:
Looking quite closely, you can see how this plays out, even to the penny. I daresay for those who are crazy enough to defy the power of Amazon and its kin, this might be an opportune time to go long QID.
Phase 0
If there’s one small thing that could have been pointed to as a plausible, albeit small, success story over the past 3.5 year political nightmare, it was the U.S./China trade deal. There was nothing epic about it, to be sure. The bluster surrounding it dwarfed the reality of the soybean-buying, purchase-promising pages, but it was a small success nonetheless.
Well, that lilliputian victory has been zeroed out as well
