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.
Sinking Ships
Yesterday, in the midst of bumping up my bearish exposure from 50% to 100%, I shorted two stocks from a sector for which I have ceaseless contempt: cruise companies. I didn’t even realize the bigger one, RCL, was reporting this morning, but it has done so, and with good results for me. Here’s what, umm, “Royal” Caribbean is doing:
Perfect Precious Plunge
The mega-rally in precious metals is well known by everyone living outside of a cave. As fond as I am of precious metals, I’ve become quite annoyed at how unrelenting the rally has been, and as a card-carrying contrarian, whenever gold and silver are the talk of every ding-dong and nitwit on the tee-vee, I figure it’s probably game over for a while.
Satellite Mind
Taco THIS……
The trope, which didn’t even exist half a year ago, has already become tired: Trump says something big and brassy, the financial markets plunge, and he does a complete 180 and reverses the damage (almost certainly profiting from a huge trade in both directions).
It happened again over the past few days, of course, with your President shrieking about 100% tariffs against China (causing a massive equity and crypto collapse), then almost immediately thereafter pouring over the treacle of “the Great Chairman Xi” crap, thus creating a huge rally on Monday. Except for two stupid precious metals shorts, I covered absolutely NOTHING, because I figured the broken trend was my ally. For the moment, it seems this steadfastness has worked out.
