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.
The crap stocks (AKA everything Cathie Wood bought) have been falling for a year. The only thing holding this market up at this point are the bluest-of-the-blue chips, and the bluest of those is Apple. Break this channel, and the bears can run naked through whatever department store they want.
It’s pretty damned sad, really. A bunch of young people with new investing accounts made a hero out of Roaring Kitty (AK DeepFuckingValue) who stumbled onto a fortune with GameStop. They wanted to be just like him. The only difference is that he bought GME at $5 and these hapless wanna-bees bought it in the hundreds of dollars. Account by account, they’re going to get zeroed out.
For all the Facebook-haters and Zuck-dissers………welcome to your golden age.
SlopeCharts has access to an ungodly amount of economic data, and a side project of mine is to vastly improve the interface to that data to make it easier to discover. One thing I just “discovered” moments ago was something I had never heard of called the Flexible Price Consumer Price Index, which is something the U.S. Government records but doesn’t really mention. It tends to be a more honest reflection of true inflation, as opposed to the very-watered-down number that issue to the press (and whose calculation formula has been, I am not making this up, modified 19 times since the 1980s – – I am certain to keep the number as low as possible).
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