Once again, in the milliseconds after the monthly jobs report hit the wires, algos proved themselves unreliable to stating a correct direction.

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.
Once again, in the milliseconds after the monthly jobs report hit the wires, algos proved themselves unreliable to stating a correct direction.

I had an interesting little experience the other day which reminded me of a post I wrote a decade ago.
Here in my beloved home of Palo Alto, we’ve got a shopping center that has been around for decades called Town & Country. I had to run an errand down there, so I had to make a quick decision whether to take the Tesla or just pile all my dogs into my other (not-as-nice) car. The dogs were eager for a drive, so I decided to slum it and take the non-Tesla instead.
I arrived at the shopping center, parked, ran my errand, and got back to my car. I put it in reverse and started backing out.
(more…)It seems to me that for every one owner of a Tesla electric car, there are about 2,000 “investors” who trade the thing. This reached a new apex of absurdity a few days ago when a little-known research firm trotted out a target price for TSLA at, conveniently, a trillion dollar market cap. The intended result played out as you might expect.
