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.
In spite of the “Tomorrow’s Election Results Will Solve EVERYTHING” rally today, here is an assortment from my “Recents” watch list (relatively young stocks) which have scraped to new lifetime lows, in spite of the fact that the market overall is well above its own nadir.
I bought January puts on XLU this morning. My view is that the empty chasm between present price levels and that lower support trendline is an opportunity. The puts are already up 20%.
As the bear market continues to swing its scythe across the idiocy of the past dozen years, one notion I’m glad to see get laid waste is the Crazy Hair Equals Genius theory. I suppose the pop culture notion of Albert Einstein is the foundation for this, but the big winner in this delusion over the past decade was Alex Karp, who usually looked stark raving mad and, thus, was assumed to be a super-genius. As Palantir stock makes plain, however, this has been an unalloyed disaster.