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.
Misplaced optimism really rubs me the wrong way. And after Thursday’s close, the world was absolutely drenched in the stuff. If you watched the coronavirus briefing, as I do each afternoon, you would have rightly assumed it was the last one. There was an enormous “good work, everyone, we’ve learned a lot, take care!” vibe to it, and it seemed clear that the mood was much very one of victory and completion.
This was reflected in the after-hours market as well. Since the ES successfully managed not to crack 2750, it took a rocket ship higher, and it tagged the line I put in place from early in March.
Although all eyes are peering toward a “return to normalcy“, the stocks have been thriving the most lately are those that cater to people sheltered at home. I’ve been pointing some of these out, including this post from yesterday. Here’s are some updated charts………I suspect one or two of these might have some “backlash” if people return to work en masse (like Zoom and Peloton).
Let’s take a brief break from charts and enjoy some comedy. I’ve watched this a dozen times and still laugh. It is jam-packed with cultural references, puns, imitations, and call-backs. It’s totally impromptu, and absolutely hilarious.
In spite of being handed tens of billions of dollars of free money by our idiot government, the airlines are still sucking wind. It’s breathtaking to me that these scoundrels can blow hundreds of billions on stock buybacks and then go whining to the government to be bailed out. Let them go bankrupt, and jail the executives. That’ll solve the whole “stock buyback” problem for good. Here’s the carnage: