Want more proof that the entire world is falling asleep from this market, and it isn’t just me whining? Look at the volume. It’s about one-third what it was earlier this year, and one-sixth what it was during the Covid crash. Pathetic. Just sad and pathetic.
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.
This graphic (from Visual Capitalist) shows what a sea-change has taken place in the concept of business valuation. A half century ago, businesses were valued, largely, based on their honest-to-God assets: things like equipment, cash on hand, and other capital holds. In our new loosey-goosey, make-it-up-as-you-go-along world that we live in, all of that “real” stuff is basically rounding error, and the vast majority (almost the entire value, in fact) is pie-in-the-sky stuff like Customer Goodwill, to which you can just dream up any value you like.
“Core Civc Corporation”. Sounds kind of nice, doesn’t it? Like they provide essential services to City Council members or something. But, no, this is a private prison corporation. And, during liberal administrations, they tend to wither and die, like in the Clinton 1990s………(more…)
The faint wisps of volatility are disappearing from the horizon, as the /VX futures grind to levels not seen since January of 2020 before the term “Covid-19” even existed:(more…)
These Lower Highs
I present below eight charts which have exhibited a series of “lower highs”, which is indicative of trend change. Some of these lower highs are spaced are more than others, but they all share that common characteristic.(more…)