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.
Fell Over
Back on January 26th (the lifetime top of the stock market, as it turns out), I wrote a piece called Overhyped in which I suggested shorting Overstock. I liked the chart, and as I said in the post: “But the ONE time I bought something from Overstock was just a nightmare, and I was amazed the company was even in business (plus their CEO has some weird hangup about short sellers). So – – feh! – – I’m short.” So far, so good:
Red History Month
Well, this is the first down month we’ve had since President Courageous Super Business Guy Deal-Making Genius got elected. It’s almost impossible to believe, but we haven’t had a single down month since October 2016. This is also the biggest loss for a February since 2009. Needless to say, I’m pleased we’ve broken this streak. We can see quite plainly the top, the drop, the recovery, and – – God willing – – the resumption of weakness.
What a Reversal!
Thank you, Dennis. THANK YOU THANK YOU THANK YOU! Although I foolishly didn’t go totally flat on February 9th when you turned uber-bearish, I did short like the dickens today when you hit your pre-announced stop-loss point. You’re the King!
Whip Inflation Now
Once again, I find myself in a position where I worried myself silly all night that I was 125% short the market, fearing what the economic data would do…………..and then the numbers come out, and I wish I was 250% short and scold myself for my timidity.
After the CPI came in at 2.1%, hotter than expected, yields shot up…….
