It’s nice to see the criminal sociopath bulls having a really bad day. I raise my glass in the hopes of many, many more just like this.
Now We’re Getting Somewhere
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.
Thank You, Semis!
As I predicted (and hoped), semiconductors are doing the dirty work of breaking the tech market. Keep at it, boys. I’ve got puts in AMD, MU, INTC, and NVDA.
Open Your Mouth & Say ‘Oink’
In case you were wondering how America got obese and how diabetes has, in a few decades, gone from virtually-non-existent to, presently, 30% of the population (and growing fast) – – look no further than the biggest success stories, measured over decades, in the stock market (McDonald’s and Pepsi reported this morning, and Coca Cola reported yesterday morning):
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On the Road Again
Most of you are acquainted with the subreddit known as wallstreetbets (which I usually refer to simply as WSB). It’s largely a community of undiagnosed gambling addicts who latch on to tales of someone out there making such-and-such a profit based on some insanely aggressive trade and wanting to ape their behavior. WSB is the rich, loamy soil from which meme stocks spring, such as AMC, GME, and the late BBBY.
The typical “investment” these rakish young lads dive into is typically a stock which USED to be worth a tremendous amount more and which, they are quite certain, will “rocket” higher Real Soon Now once a certain something happens (like an earnings report or a hedge fund squeeze which they imagine they’ll engineer). The latest meme stock, implausibly, was First Republic (FRC), which soared in recent days to the tune of hundreds of millions of shares in anticipation of an explosive move higher. Well, you already know what happened.
