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.
OK, my computer woes got solved in 4 minutes instead of the promised 4 hours, so I’m back in business.
Anyway, a quick glance at the Russell 2000 says one thing to me: anyone buying small caps at these levels is smoking dope. There are some superb firms out there, I know (like those which rhyme with “Messla”) but valuations are very, very rich at these levels.
I imagine this is going to go down in the same book that Michael Dell’s “Apple should just shut down and give the cash back to the shareholders” statement made when AAPL was seven bucks a share.