If you wanted to guess one of the most incredible stocks of the past ten months. roaring over 200%, which has just set a lifetime high price in its long history, you probably wouldn’t get it: General Motors. Yes, the same GM that would have gone bankrupt in 2008 were it not for the emergency bailout from the federal government.(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.
My daughter went back to university on Saturday and that was the end of the holidays for me. They were the most relaxing for me in years which was nice, but all good things come to an end.
The UK is back on full lockdown until at least March due to the new COVID variant and that may last into the middle of the year. This new variant is much more transmissible it seems and many UK hospitals are close to being closed to new admissions, so the impact on health infrastructure is considerably greater than it was in the first wave of infections. This is the second wave. There are some cases of this new variant in the US but hopefully it won’t become widespread.
There were three waves in the 1918 pandemic, but with luck the new vaccines will allow us to skip wave three. It will of course take several months to a year to vaccinate everyone who wants a vaccination though. On to the markets.
On the SPX monthly chart there is now a clear monthly upper band ride and the monthly upper band is now rising strongly. The SPX monthly upper band is now at 3781 and could reach 3800 by the end of the month if SPX keeps rising. (more…)
One sector on an absolutely relentless tear has been anything associated with electrical power storage. The valuations are reaching absolute nosebleed levels, but the 1,000% gains don’t seem to be slowing things down. I wouldn’t touch any of these with a ten-foot power pole, but they make for fascinating charts:(more…)
For years, it’s been very difficult to park in Palo Alto’s “second” downtown, which is the area surrounding California Avenue. The restaurants and other retail simply attracted too many people, so it took a while to find a spot.
Well, Palo Alto set out to build a very modern four story parking garage, and at long last, it’s finished. I parked there yesterday to pick up some take-out. I was the only one in the entire complex. The only one. And why? Simple.
Everything’s closed still. I know it may be different in your area, but it’s basically March 2020 all over again here, right down to the line of people waiting to get groceries, stretched around the block.(more…)