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.

I Can’t Help Myself!

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There aren’t supposed to be second chances in the market, but that’s not true. We got a glorious second chance thanks to a combination of BTFD disease, an emergency rate cut, and Biden’s victory on Super Tuesday. All of this result in a multi-thousand point reversal on the Dow, which gave me an opportunity to gently position the necks of the bulls at exactly the right groove of the guillotine. Thus, Thursday was rocking.

I must say, after my night-of-talking-to-myself, and my “new way“, I was in a much better place mentally. It was cathartic and transformative. At least briefly.

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Skyward

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Greetings, yet again, from seven miles above the United States. I am making my way back to my beloved Palo Alto with a subset of my nuclear family, after a successful fencing venture.

Well, this is quite a strange feeling, being out of my shorts and bullishly positioned (albeit with a modest capital allocation).

  • Instead of seething about Fed interference, I am rooting for it;
  • Instead of cheering at the initial plunge in futures, I gasped at it;
  • Instead of resenting the rapid recovery in prices (so far, at least), I am celebrating it (although modestly, as I trust this rally about as far as I could throw the airplane I’m in right now).
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Sleepless in Shallow Alto

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As I begin this post, it’s 4:30 in the morning. I’ve been awake since 1:30. I’m usually a brilliant sleeper. I close my eyes and 10 and fall asleep instantly, and then I wake up at 5:20 a.m. with no alarm and get my day started. Not this time. It’s been too crazy.

Think of what’s transpired. Last Wednesday, the market was at the highest levels in human history (which is a little peculiar, since the whole “virus” thing was well known and spreading fast). Yesterday, we had the biggest drop on the Dow in human history. Added to which, this has been the shortest 10%+ drop in equities in human history. Absolutely incredible.

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