If the monthly chart of the COMP is to be believed, 4% is the ‘reward’ side of the risk/reward equation in tech stocks. COMP could gobble that up in 3 days.
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.
3D Printing – No Barrier to Future Losses
Note from author: Immediately after contributing this post I noticed DDD down nearly 6% this morning due to a downgrade by Merrill Lynch.
Valuation – Tech, 1999?
At a current price to sales ratio of 17.99 and a forward PE ratio of 93.88 (according to Yahoo Finance), we’ll let the individual reader decide what represents value when talking about 3D Systems (DDD). Similar lofty valuations are present in competitors like Stratasys (SSYS) and ExOne (XONE). But we will make a case that these companies should be valued closer to traditional automated manufacturing equipment makers than some sort of first mover in a transformative and disruptive technology. Or at least that this is going to be their eventual destiny. (more…)
Precious Metals Grind Out a New Trend
Gold is Monetary Value
We preface the post with a statement that has not changed since I began public writing nearly 10 years ago: Gold is not about price; gold is about value. This point was hammered home to me 11 years ago by a person who had much influence upon my viewpoint toward the financial system and its various diseased components at a time when I was ready to listen and understand. (more…)
“Yellen is Going to Talk the Markets Up to New Highs”
Oh man, it just piles up higher and higher.
Yellen is Going to Talk the Markets Up to New Highs
If you can get past the photo that leads this story with your breakfast intact, you will be treated to…
“Asset purchases are not on a preset course,” Yellen told Congress , “and the committee’s decisions about their pace will remain contingent on its outlook for the labor market and inflation.”
Actually the Treasury bond market’s decisions about their pace will remain contingent on yields. (more…)
This is a Test…
The saying goes that every new Fed Chair is tested (but good) upon taking the reins. In order for that test to come about, it seems that more often than not the previous Fed Chief will have been withdrawing at least some of the particular policy (Greenspan: Easy Fed Funds for Easy Al, Bernanke: Easy Fed Funds/ZIRP & QE bond buying) that had made them look like heroes to so many during their tenure. Here, have a look… (more…)
