We all know how incredibly expensive Netflix (NFLX) is. Even after this extraordinary pummeling, shareholders are demanding over 80 YEARS of earnings in exchange for their stock.
All Binge, No Purge
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.
A Nominal Rally?
Something just occurred to me that I thought I’d just throw out for group discussion.
When I think about the “big bounce” and the “bigger plunge” that I keep talking about, just about every stock I look at has a future resembling this. (This happens to be Ford, symbol F, but it honestly makes no difference).
Some Perspective
It seems that folks assume that since we’re at the cusp of yet another massive bailout, it’ll be “off to the races” on equities, and a stampede toward new lifetime highs. Allow me to share the chart below of the S&P 500 back in the financial crisis. I’ve marked with an arrow the point at which TARP was being voted on in Congress, kind of like the Corporate Welfare Act is right now. Just sayin’.
Wall Street’s Finest
As a side note, I am once again out of the market. 100% CASH. I made profits on every single one of my Friday shorts, and at this point, I feel I’m playing with fire. I’ve had a fantastic quarter, and………enough is enough.
Golly, Mister Powell!
Hoo Hoo Hoooooooooo. Would ya look at that?
I’ve been wringing my hands all weekend, wondering what was next. We were limit down for much of Sunday. When I conked out, we were almost limit down, about -110 on the ES. And then I woke up, fire up the ol’ iPad, and……..Ho Lee Lord!
