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.
Many years ago – – 2008, in fact, when Slope was a mere three years old – – I showed a chart with the cover of the book Richistan on it. It was a book that was published almost to the millisecond of the housing bubble top.
During the summer of 2018, I was nauseated to see the launch of the wildly popular movie Crazy Rich Asians, which had the same money-as-pornography zeitgeist to it. I’ll just let this chart speak for itself:
Two months ago (and it feels like, oh, about half a decade) I did a post called Whiskey Tango Foxtrot (heh……..) in which I laid out four potential pathways for the market, the last one of which, “Delta”, was the most bearish. Having survived the nightmare of 2009-2018, I was not optimistic about it happening, but I offered it anyway:
Patrick Byrne, the CEO of Overstock, has had a bug up his ass against short sellers for years and years. As I’ve written before, I think the weakness of his company has a lot more to do with its dreadful customer service than the mean old bears. In any case, these guys tried to save themselves earlier this year by hitching themselves to the crypto-craze. I’ll let the chart speak for itself about how well that went.
What a difference a single month can make. Observe the chart of the natural gas market below. Once it pushed past resistance (pink horizontal line) it went roaring higher, devastating – – notably – – James Cordier and his OptionSellers.com fund, purportedly to the tune of $200 million. And then, equally as fast, all the gains disappeared. It’s as if nothing happened.