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.

Double Feature Distortion

By -

If you want just one chart to capture what a madcap carnival the Fed has made of this stock “market”, I present to you the entire history of AMC Entertainment. As you will observe from the green horizontal I’ve helpfully laid down, today marks the most expensive price in the company’s history. This has nothing to do with revenues. Nothing to with profit. Nothing to do with prospects. No one could sell enough overpriced popcorn with oil butter on it to justify this price. It’s just a result of a swarm of stimmy-powered retailers squeezing the hedgies. Nothing more.