The most hilarious bit from Buster Scruggs:
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.
Even I am surprised (pleasantly, but surprised nonetheless) at how persistently bearish the market has been. Indeed, I’ve become quite spoiled by it. When the prospect of ANY day being a green day is at hand, I pout and fuss. It used to be just the opposite. Those rare red days would be a welcome refreshment. As it is now, more often than not, the market just grinds lower, and it’s wonderful.
Strip away the drawings. Even remove the prices. And get rid of my bluster. Just look at the raw, simple, straightforward exponential moving averages (50/100/200) to see what a sea-change is taking place. Here’s the NASDAQ 100 QQQ:
Having already lost 40% of its value, and with a price/earnings ratio of “only” 96, it may seem that Netflix is an absolute steal right now. I don’t think so, which is why I remain short this security. Looking at this year, you can see the well-formed reversal pattern that has formed: