Menu Close

Nothingburger Fedhead Speech, Big Shorts Look Good

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

I can’t believe any of us (especially me) wasted emotional energy anticipating Jerome Powell’s speech this morning. Here’s a summary of the entire thing:

No big announcement. No new proclamations. Just the same tired garbage about how things are just swell, but let’s keep an eye on things, and if the economy shows the slightest bit of weakness, we’ll just “policy” our troubles away. Good God.

Anyway, thanks to China, I’m having a good day. One of my standout shorts is Hewlett Packard, which has finally completed a monster top pattern.

Looking at the history of this stock, I think the prospective downside potential is self-evident.

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading