Last Tuesday, October 16th (which feels like, oh, about half a year ago), the market bounced mightily from the first phase of its selloff. I proposed four potential outcomes, which I named Alpha, Bravo, Charlie, and Delta. Delta, the last one described, was the most bearish, and I projected it like this:
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.
You’ll Remember You Belong To Me
I sit here alone on a quiet evening, well aware of how the ES and NQ are getting pounded. I have no idea what they will be when I wake up tomorrow, although I can only imagine they will remain deeply red.
Only a month ago, I would have surrendered my left nut to be looking at numbers like these. As it is now, I have some misgivings about it. Not that I’m long – – I’m not stupid enough to actually buy into a market that I am fully convinced has just begun a multi-year slog into hellfire – – but I did cover the majority of my shorts.
I still have exposure, yes, and that is across 39 well-chosen positions using 125% of my buying power. However, on a night like this, I cannot help but wonder how much I’m going to regret not waking up with 90 short positions, as I did Thursday morning. (more…)
Will Chart for Booze
In Mountain View, just off the Shoreline exit and the Google campus, is a dive bar called the Sports Page. Now if you know anything about me, you understand that, first, I have absolutely no interest in sports, and second, I’m not the kind of hang out in dive bars. However, it just so happens that Sports Page is across the street from the Tesla Supercharger, so I like to hang out a bit in the bar with my crappy Dell laptop while my Model S is charging. A Blue Moon and some charts is a nice way to pass the time.
Slope’s Most Gorgeous Page Ever
I am absolutely thrilled to unveil another improvement is the ever-improving Slope of Hope. As proud as I am of the many components of the site, particularly SlopeCharts, this new page we’re launching is the most aesthetically-pleasing in nearly 14 years of history. Here’s the new menu item to get there:
SPX/Gold, 30yr Yields & Yield Curve – Amigos 1, 2 & 3 Updated
We began the Amigos theme last year in order to be guided by the goofy riders during the ending stages of a cyclical, risk-on phase that was not going to end until the proper macro signals come about, no matter how many times the bears declared victory along the way. The fact that grown adults see conspiracies around every corner (okay, I see them around every third corner myself, but work with me here) makes such macro signaling very necessary in order to keep bias at bay.
