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.
If you ask most people about the sell-off earlier this year, they would blame the Ukraine invasion. The funny thing is that the invasion marked the BOTTOM, almost to the millisecond. February 24th!
Take Tesla (please!) Since February 24th, it has climbed 57%. Fifty. Seven. Percent. That’s the kind of return one would hope for over a five year time span, not five weeks. But there we have it.
How pleased I am see the psychotic and wrong-headed rally from this morning fizzle into the ether. Instead, we can turn our attention to the range-bound small caps. My dream, of course, is a failure of this new, lower range. God forbid we stay stuck for a goddamned YEAR like last time. Jesus!
Right from the get-go, let me say that I use the symbols EFA and IEFA interchangeably. They are pretty much identical, tick for tick. It’s just that EFA has higher volume, and better options, but I have laid down the drawn objects differently on these two. The point, with both of them, is that they are still sporting one of the cleanest tops I’ve ever witnessed in many decades of charting:
The net change on the ES is 0.00 as I’m typing this, so I’m going to hold off saying anything about this so-called “market”. In the meanwhile, I think 99% of the people who have ever heard this song have no idea how brilliant the lyrics are:
