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.
Nearly four months ago, I did a post called Short Now And Profit, which boils down to the acronym – surprise! – of SNAP. I’ve been pissing on this IPO ever since it came out, and now it’s gone sub-teen, approaching losses of 60%.
As a public service, I will remind my readers that Evan Spiegel is understandably not concerned about the unwashed masses getting wiped out by their bag-holding ways, as his mind is focused on his lovely bride and all the fun they can have together – – so forgive him.
My dear friend Rob Reid had a book launch party last night, which I attended. He’s written a massive new novel called After On, which I’ll do a post about once I manage to read the tome.
The big news in the markets, of course, is Apple, which is roaring to lifetime highs at this very pre-market moment, up over 6% on strong earnings. This is pushing the NQ higher too, of course, although its own gains have softened a little overnight (hence the black bar, instead of white) and which itself is NOT at lifetime highs. The NQ rocketed over 7% in the month of July alone, so I guess the excitement is already sort of built into the overall market.
Now that Norm is rolling out new shows, I look forward to a new offering each Tuesday. I was at first disappointed when I saw this one – – Mike Tyson!?!? – – but it’s honestly quite good, and rather touching.
For the last year, I have been looking for what we classify as a wave (3) to strike the 2500SPX region. And, now, we are getting quite close.
Meanwhile, this rally has brought out two camps of market expectations at this juncture, both of which I believe are wearing blinders. We read about those who believe the markets basically have no limit to their upside, and are “virtually risk-free,” and we read those who have “known” that the market will imminently crash during this entire 40% rally since February 2016.
Do you know who Goldilocks is?
