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.
Let us recount the preposterous journey of AMC Cinema in a single graphic. This was, of course, the darling of the /wallstreetbets lunatics. They seriously thought it was going to $5,000 per share because they were going to defeat the big, bad hedge funds. Suffice it to say that they have failed, and that a person who acquired AMC at its public offering nine full years ago would be sitting on a 0% gain now.
As you know, the Chinese stock market (and property market, for that matter) has been a complete fiasco. To give you a taste of what’s been going on, I present to you a quantity of stocks (ironically, eight of them, which I deliberately chose since it’s a lucky number in Asian culture).
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Early this year, when I was still despairing if a real bear market would EVER transpire (little did I realize it already had, just a few days prior), I actually considered, God forgive me, putting $10,000 each into a variety of electric car makers. I actually convinced myself that, yeah, maybe these ARE like little Teslas. I didn’t buy a single share of any other them, but I did, on that day, create a portfolio on my spreadsheet as if I did. Let’s just all agree that I dodged a bullet on this one.
Analysts get on my nerves, not only because they seem to have no idea what they are doing, but also because they are insanely well paid for it. The one I abuse the most these days (as does xTrends) is Marko Kolanovic, JP Morgan’s shill.
He has spent the entirety of 2022 talking about how the market is oversold and how it’s time to BTFD. He hasn’t been right even ONCE. He’s constantly on television talking about how the time to buy stocks is, oh, let’s say, right about NOW.
