Good God Almighty! I seriously thought we were done with this. I was driving at the time, so I’m glad I wasn’t staring at an ES chart during this mayhem, but………..IMHO OMG:
Mr. Xi’s Wild Ride
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.
It’s Not a Good Feeling
I had an interesting psychological experience I thought I’d share on this cool Thursday evening, as I sit in the night air.
I run a tiny hedge fund which, not surprisingly, focuses on short-selling. In spite of the market running up to lifetime highs this quarter (indeed, just days ago), I had booked a respectable profit, and I was satisfied with my results. And then………..I got scared.
(more…)The Era of Revenge
Given the title, I want to make clear at the outset that this post has nothing to do with gun violence, particularly prompted of the events of this weekend. I’ve been thinking about this post long before those events, and even though I am loudmouthed to a fault about my points of view, the whole issue of guns is something I’ve never, nor will ever, touch. No sense is alienating the handful of readers I haven’t pissed off already.
No, this is about something far more psychological and long-term. I am speaking of what I view is the correlation between social mood and justice. Specifically, the forgiving nature of the public during prosperous times and the vengeful disposition it takes during times of hardship.
(more…)The Patient Beat-Down
I sometimes talk about patience when it comes to positions, irrespective of whether they are long or short. I wanted to offer an example below in the form of Gulfport Energy (GPOR). What’s intriguing about this is the size and clarity of the topping pattern. Everything above that horizontal line is a squeaky-clean top (this image was as the stock looked months ago).
Volatile
There’s pretty much only one chart which has had the stuffing knocked out of it over the past six weeks: volatility. We are back down into the “nothing bad will ever happen again” pre-teens zone.
