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.
Two months ago (and it feels like, oh, about half a decade) I did a post called Whiskey Tango Foxtrot (heh……..) in which I laid out four potential pathways for the market, the last one of which, “Delta”, was the most bearish. Having survived the nightmare of 2009-2018, I was not optimistic about it happening, but I offered it anyway:
Remember my laughable and preposterous price target? 5% to go, folks.
As you have surmised, I am returning to my beloved Palo Alto. Turns out this is a Non-Smoking flight, which clears things up quite a bit. All this time I thought it was the year 1973.
Anyway, what a bizarre time to be on the road, huh? And how silly I feel for worrying and wringing my hands in October how we were all going to get tricked again, just like in early February. Not this time, boy. This market is broken. So, so broken. And the devastating, destructive, global financial panic that I’ve been dreaming about for so long has finally been born like a smiling child in a crib.
(more…)Nobody comes up with better post titles than Slope. Anyway.
You may recall my insane post about a week ago about the price target for the SPY. Here was the graphic:
One fun thing about the end of the year is all the “year in review” type articles that come out. One that just printed is from Barron’s, in which they show how their trading ideas did compared to the target. Here we are:
The bottom line is that the recommendations from the finest minds of Wall Street produced a loss of 2.2% as compared to a benchmark gain of 1.9% from the S&P 500. They describe these results as “so-so”, although I think readers may have more color language.
Of course, Slope has its only little comparison here, and I’m pleased to say that we’ve got a positive 26% spread versus the S&P. Or, even if you were wise enough to short the S&P at time these measurements began, you’d still be ahead by 7%. Take that, Barron’s!
