Once Around the Quad
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.
MARA Juana
Good Lord. What a wreck the crypto space has become. I think the destruction is far from over. On the contrary, the “pregnant pause” that crypto has taken following the FTX debacle is perceived by most as just revving up for an assault higher. Not me. Once another shoe drops, we’ll just resume plunging. It won’t be that many months before BTC is below $10,000 again, James Altucher’s genius notwithstanding.
Bone Saw Forthcoming
The Tadawul All Share Index is deliciously doomed.
This aligns with my idea that crude oil, and energy stocks, are hosed.
It’s Twue! It’s Twue!
Well, considering the tremendous “up” move by MDB last night, I figured my put options would be worthless this morning, since they are $40 out of the money. I assumed I’d be bid about a penny for them. Mercifully, that turned out not to be the case. They fell “only” 50%, which I considered a miraculous godsend, so I took my less-than-horrible beating. Here’s a live capture from the opening bell:
Above Average
Only days ago, the financial media was ablaze with “analysts” scurrying around and celebrating the fact that the S&P 500 has, at long last, crossed ABOVE the 200-day moving average. Since 9,999 out of 10,000 humans are permabulls, this makes sense, because one wants to pander to their audience. It seemed odd to me, since a market pushing to such an extreme wouldn’t seem like a great time to enter positions. The past few days seem to bear me out (so to speak) on this point.
