Thank you, Dennis. THANK YOU THANK YOU THANK YOU! Although I foolishly didn’t go totally flat on February 9th when you turned uber-bearish, I did short like the dickens today when you hit your pre-announced stop-loss point. You’re the King!
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.
Whip Inflation Now
Once again, I find myself in a position where I worried myself silly all night that I was 125% short the market, fearing what the economic data would do…………..and then the numbers come out, and I wish I was 250% short and scold myself for my timidity.
After the CPI came in at 2.1%, hotter than expected, yields shot up…….
Two-Way Timmay
Well, I couldn’t be more pleased with the markets this morning. As I made abundantly clear on Friday, and through the weekend, I had greatly lightened up on shorts and went long (in a big way) select ETFs to take advantage of a bounce. Well, the bounce is on, with the ES up about 30 and the NQ up about 70 as I am typing this.
Looking at ZH over the weekend, they kept pouring out stories about how the collapse would simply continue. But we know better – – Gartman is firmly on our side, as of Friday morning, and that’s all we really need. (more…)
You’ll Be Back
I’m typing this late Friday night in the cool night air outside of a closed Starbucks. I never thought I’d appreciate a weekend as much as this one. No GLOBEX quotes. No government shutdown. No nothing. Just peace and quiet.
Let’s take a step back after this insane week and just drink in the basics of the ES activity for the past couple of months, which I have broken down into four simple tints:
Complete Boffo Loser
I’ve lost track as to how many times I’ve suggested CBL Associates as a short – – I think something like eight thousand times – – but it continues to perform marvelously, and I expect much greater losses (AKA profits) to come.
