I still contend Threads is going to be a total flop.
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.
Off the Deep End
Leslie’s Pool Supply is a retailer of such things as chlorine, inflatable lounge chairs, and test kits. It’s kind of surprising in this day and age (of Amazon) that such a thing even exists, but they decided to go public (symbol LESL) and the results aren’t pretty. They’re down about 80% from their peak.
Semis New Lifetime High
Sector fund SMH has blown to yet another lifetime high.
(more…)Long-Term Housing (by LZ)
Here is the the U.S. National Home Price Index divided by the Consumer Price Index. The last major peak was in 2006. Anyone remember if anything happened to housing following that year?
Slippery When Wet
My normal routine in the morning is to wake up at about 4, stare at the ceiling and review all the mistakes and shortcomings in my life, get out of bed at 5, and start my work day. That rut got interrupted last night, because I was awakened at about 1 in the morning by one of my children informing me “the entire first floor has an inch of water.” (Kids like to exaggerate for drama).
I hustled downstairs, delighted to have had my sleep wrecked, and found that, mercifully, it wasn’t the entire first floor, and it was just a couple of millimeters of water. (This was related to the kitchen remodel). In short order, I was armed with a shop-vac, a pile of towels, a mop, some Bona, and a couple of hours later it was as good as new. (If you’re ever applying for a family job, don’t pick the Dad. Honestly. It’s the worst one).
It thus makes sense that, instead of waking up precisely one hour later, I slumbered until 6:35 (a full 5 minutes into the trading day!) which is why my first post of the day is so terribly late.
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