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.
As long as I've been doing this, I can still be astonished at charts. My charts, at least.
Everyone knows the HerbaLife story. I have no position, and given what's going on, I kind of lost interest in shorting this issue, but I just now glanced at the stock.
Let's take a really close look at that trendline, shall we?
Un. Be. Lieveable.
Hello?
Yesterday I drove the family up to Santa Rosa for a fencing tournament, and since it was going to be a long day, I decided to take my daughter ice skating and to the nearby Charles Schulz museum (I took a couple of photos, shown below). I had been there years before, and I really enjoyed it, but she had never been.
Comics have always been a big part of my life, and I've got many thick volumes of comics that I enjoy. They tend to be more out of the ordinary stuff, such as Zippy and This Modern World, but I've also got my fair share of Dilberts and the like. I've never had any Peanuts, pretty much because they're all stored in my head anyway and I don't need a book.
Indeed, comics are such a big share of my cultural touchpoints that, before Slope, I was seriously going to focus my blog on bitching about comics. I was going to call it The Comics Curmudgeon, and I already had my sights set on inexcusable crap like Garfield, Cathy, and Family Circus. Of course, that blog would have starved itself of material pretty fast, so I never really bothered. The world will never know of Barfy's Theorem and other pontifications I planned.
One can’t help but look at the financial markets close as of Friday
and not shake their head in bewilderment. For anyone (including myself)
that has expressed caution since the beginning of this historic rise we
are left scratching our heads. The mantra of “Don’t fight the Fed” has
just been spot on. However, that saying was used far before, and for
other reasons than to explain what we are currently witnessing today.
Some only read the headlines trying to extrapolate any discernible
information for what we see taking place. Others just use a “going with
the flow” type strategy because they don’t know what else to do. It can
work for a time however, it can set oneself up to do exactly the wrong
things at the wrong times.
North Korea loudly proclaimed it was making a nuclear weapon to be fired at the United States. The largest company on the planet has lost one-third of its market value, destroying hundreds of billions of dollars of wealth in the span of a few months. And, based on this, the market on a number of measures reached the highest levels ever in world history.
Well, Apple has been talked to death, and frankly, I think in the weeks ahead, people are going to realize it's basically a company past its prime and not really worth yacking about. No one has given me a medal (or a chest to pin it on) for my oh-so-right prediction about Apple, but I'll say what I've said before: you will never see this stock again at $700, and you can expect it to fart around in the 400s (and, occasionally, lower 500s) in the months ahead. As the chart shows below, we are close to major support, and a retard-o-bounce is a strong possibility.
