In the nearly four months since the Covid-19 outbreak reached the United States the market has experienced an historic crash and equally historic recovery. Last week the S&P 500 closed within 5% of it’s pre-Covid-19 high and the NASDAQ reached a new all time high. The market’s bounce has largely been driven by big tech, including stocks included in the Cornell Capital Group Quarantine Index which has dramatically outperformed the market. While tech has outperformed, companies in the travel sector, many of which are included in the CCG Anti Quarantine Index, have largely missed out on much of the market recovery. One member of the CCG Anti Quarantine Index, Hertz Car Rental, has filed for bankruptcy. Typically, bankruptcy is the end of the line for equity investors but for Hertz Global Holdings Inc (NYSE:HTZ) bankruptcy was the beginning of new chapter in the Hertz story.(more…)
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.
There’s a lot of chatter these days about helping others and making donations. I’m all for that, but I can’t fake it: I have to help where my heart resides. Long time readers know this probably is a lot closer to canines than humans, so I was delighted to learn of an organization I had never heard about called Wolf Connection., Here is a briefing:(more…)
I’m not sure how many times we have to see this happen for me to get through my thick skull what an infallible indicator this has been. We’ll see if it pans out tomorrow.
Guess Oil’s Next Direction
Gee, I dunno………(more…)
It just feels like the right time to trot this, one of my favorite clips, out. I’ve probably mentioned, whenever I meet a new person, I typically tell them, “We’ve met before, haven’t we?” Just for the hell of it.