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.
I was glaring at the insanely tiny ranges of the past few weeks when it occurred to me there was only one other time that I recall seeing such a phenomenon, and that was………….just before the Covid crash! The old saying is never to short a dull market. I don’t see the logic to that. If you compare the past few months to the late December/early January period of 2019/2020, you’ll find the action on the SPY remarkably similar:
There are plenty of sections of the equity “market” that are making lifetime highs on a nearly daily basis. In spite of anemic volume and pint-sized daily ranges, equities keep muscling their way to new records, such as with the S&P 500:
Every Monday we spend 5 minutes trading our crypto system. We add up the profits and do whatever trading needs doing.
This week we squeezed out .83%, adding to the 13.5% last week and 14% the week before that.
It’s pretty clear now that the crypto drop is over, and it’s the first real reset of this bull market.
Having the ability to data mine the blockchain is like having X ray vision on the market.
Without going into a bunch of technical stuff (most of you guys seem to be bored by anyway), you can see that it’s obvious that we are nowhere near the end of the bull market.
In fact, the party is just getting started.
(more…)So is this whole SPAC fraud trend over? Is it dead? It sure should be. Lordstown Motors, which I’ve written about numerous times (and spoken about even more) is looking like the Theranos of electric car companies (joining the likes of Nikola). The CEO and CFO have fled the scene this morning, which the company hilariously portrays as a “Leadership Realignment.” Here’s what RIDE looked like when the SPAC fad was hot:
