I doubt there’s been any stock (except maybe Pier One) I’ve brought up more often as a short idea than CBL & Associates. Back in May 2017, I offered up this post and this chart:
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.
The New Resistance
Surprise!
Oh, and let me wager a guess. Not a single person here had a losing trade, right? Yep, that’s what I thought. Anyway………
Perfecto
I had a terrific day thanks, ironically, to the King of the Wimps, Mr. Jerome “please don’t’ tweet something mean to me., Mr. President” Powell. The man (and I use the term loosely) completely and utterly caved in to his bullish masters (clearly the man is a “bottom“). The markets absolutely soared (see green below). But, as proof of a vengeful God above, the entire gain was destroyed and flipped red.
Chinese Take-Out
I guess the “Always Up On Friday” rule finally got broken. As you may know, every single Friday – every one, without exception – has been a gainer for the entirety of this year. And yes, I know, it’s only the start of the day. Still, I’ve got a feeling we might just see red. Over the span of just a few hours:
- The Chinese stock market crashed, making fools of the Chinese citizens who sheepishly followed their government’s demands to buy equities on credit;
- The fabled March 27th signing of a big juicy trade deal has apparently fallen to pieces;
- The jobs report came out which, even with the completely pulled-from-the-sky optimism that the BLS engages is, completely fell flat, about 90% below expectations.
