One: This Book, Published in 1999
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.
Leaving Penn Station
So symbol PENN was one of the monster winners after Covid, zooming hundreds of percent higher, and taking David Portnoy’s net worth with it.
Bicycle Wreck
Regarding Peloton, I have long-contended several things:
- It was at the right place at the right time; Covid-19 was the greatest thing that ever happened to PTON;
- Americans are fundamentally lazy, and they aren’t going to keep up a physical fitness regimen fairly long (as the Bible predicted about Peloton: “The spirit is willing, but the flesh is weak.“)
- They’re also not going to spend huge monthly fees for the privilege for doing a spin class at home
The stock is down 62% from March. I suspect vastly lower prices lay ahead.
NSania
Triple Home Bears
Below are three ETFs representative of the real estate industry. The first and three are range-bound, and the middle one (against which I own puts) has a broken trendline and analog. My view is that as interest rates creep higher, the zeal for real estate will be choked off (Exhibit A: Zillow).
