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.
Early Sunday morning, I was driving down Santa Cruz Avenue, which is the main retail drag of Menlo Park, and it was so sad. Only a few months ago, this was one of the most affluent and ritzy retail strips in the Bay Area, and yet a dozen different places were utterly empty and abandoned with a For Lease sign on the front. It was like a ghost town, even though it is surrounded by thousands of millionaires.
All of us known small business owners who have been struck down by the shutdown, such as barbers, gym owners, party centers, restaurants, and so forth. In an effort to help, the government has thrown trillions of dollars at the problem, including a multi-hundred-billion dollar SBA “Paycheck Protection Program” designed to help employees keep their jobs while their employers are struggling.
Just about the only bright spot for me on an otherwise gloomy Monday was a couple of short positions in hamburger joints. For whatever reason, these two decided not to stick with the exuberance of all the other stocks. The retraces have been massive, and the stop-loss levels are squeaky clean.
Given the insanity of the past two months, I think it’s clear we need to be open-minded about novel ways to make money in the markets. In that spirit, I’d like to share with you a video that just came out this weekend which is utterly germane to that goal.
I’ve been pleasantly surprised just how popular the TradeMachine Pro system is among my readers. Ophir just put together a very comprehensive video about a massive upgrade to the platform, which I’ve put below. If you want to learn more (either now or after you’ve watched the video), click here. Some important “fair warnings” from Ophir before watching the video:
I’m afraid my intellectual curiosity badly post-dated my time as a student. All the same, I’m trying to make the most of it now.
I stumbled across a quote of a 19th century French economic philosopher by the name of Frédéric Bastiat, and I dug up some tidbits of his I thought you might find edifying, especially these days. Because here’s the stone-cold simple fact I find galling: generations of the unborn of having their financial future mortgaged so that the rich people of today can stay rich (and get richer), thanks to the endless help of the Federal Government. Let’s drink in such timeless truths from Mr. Bastiat (and keep in mind, these insights were written 170 years ago!):
With Powell’s wildly successful 60 Minutes interview creating new records in the market (including the highest TICK value ever), there is a stampede toward anything resembling a Buy button. As the only person left on the planet who isn’t buying stocks, I would at least humbly like to point out what I consider to be two crucial price gaps. The first is 228.80 on the NASDAQ 100 ETF: