Well, META earnings are out, and the stock is roaring higher. Mercifully, I have no position.
Beavis and Chart-head
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.
Watch These Post-Close
Dynamic Range
While it’s no joy to wake up to a screen packed with green, it’s at least nice we’ve got a dynamic market again. Movements of 50 to 100 points on the /ES and hundreds of points on the /NQ on a daily basis have become the norm again, instead of those pathetic days just weeks ago when +0.00 was a typical sight. This morning, the /ES has blasted more than triple digits itself in the span of hours, quickly shaking off any Microsoft blues.
After Softie
After the close today, Microsoft reported, and their stock plunged. As I’m typing this, about half the plunge has been erased (oh, those magic conference calls!).
Procterology Exam
This is another big earnings day, although the cool stuff like MSFT and AMD isn’t until this afternoon. For now, we’ll have to content ourselves with soap maker Procter & Gamble, whose stock basically hasn’t had a downtick since the autumn of 1980.
