As expected, the Fed bumped rates by 0.75%, and the market is rallying mightily as I’m typing this. Next up is the press conference, which tends to make trading even more volatile. So far, the uptrend is intact.

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’m going to descend into my reinforced bunker for the FOMC announcement and to watch the market’s spastic reaction. I’ll see you on the other side. Good luck to us all.

OK, something is very, very wrong here. Either I am an idiot (a distinct possibility), or the rest of the world is. Allow me to explain. In case you’ve been visiting Mars the past year, you know Elon Musk bought Twitter, and about every 37 seconds, there’s an article about what he’s doing with the place. The biggest news right now is what’s going on with the “blue checkmark”, and that is where the confusion begins.
See, Twitter has always been a horribly-managed company, and its products are a confusing mess. In fact, there’s really only two public-facing features, and they’re both called almost exactly the same thing. The first one is the “Twitter Verified” blue checkmark, which famous people and celebrities have next to their Twitter handle so that people like me don’t go out there and pretend to be Kanye West:

Jesus H. Christ. I don’t even have to try to parody this. Like I’ve always told my children, people are far dumber than you can imagine.
Should they also tweet that gas station owners are enjoying the biggest increase in revenue from Biden’s leadership? Because that’s true, too, and for precisely the same reason. And in all 54 states!