Oh, and let me wager a guess. Not a single person here had a losing trade, right? Yep, that’s what I thought. Anyway………
Surprise!
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.
Perfecto
I had a terrific day thanks, ironically, to the King of the Wimps, Mr. Jerome “please don’t’ tweet something mean to me., Mr. President” Powell. The man (and I use the term loosely) completely and utterly caved in to his bullish masters (clearly the man is a “bottom“). The markets absolutely soared (see green below). But, as proof of a vengeful God above, the entire gain was destroyed and flipped red.
Chinese Take-Out
I guess the “Always Up On Friday” rule finally got broken. As you may know, every single Friday – every one, without exception – has been a gainer for the entirety of this year. And yes, I know, it’s only the start of the day. Still, I’ve got a feeling we might just see red. Over the span of just a few hours:
- The Chinese stock market crashed, making fools of the Chinese citizens who sheepishly followed their government’s demands to buy equities on credit;
- The fabled March 27th signing of a big juicy trade deal has apparently fallen to pieces;
- The jobs report came out which, even with the completely pulled-from-the-sky optimism that the BLS engages is, completely fell flat, about 90% below expectations.
At………Last?
I normally like posts to acquire about 100 comments before I do a new one, but – – well, I admit, it was a mistake doing a new post in the middle of the night. Still, do check it out if you didn’t read it already. It’s about SlopeRules (naturally).
Recently I’ve been mentioning the “breaking point” the handful of earth’s bears have been reaching. Yesterday morning took the cake, because one of the very few people I follow on Twitter, xTrends, did a post in which he seemed to completely throw his “world is going to end” thesis into the shredder. He actually said the most likely scenario was new lifetime highs again. A reaction to his tweet was similar to mine:
Hey, MO!
Altria Group – – cynically renamed to conceal their actual identity as a manufacturer of cancer-causing tobacco products – – has been a short I’ve recommended (along with fellow creator-of-human-misery PM) for quite some time. Its head and shoulders pattern is absolutely massive, and, believe it or not, my target price is $32 – – basically a financial catastrophe. Couldn’t happen to a nicer bunch of guys, either.
