During 2023, almost all assets have gone up, but in percentage terms, crypto has outshined them all. In so many ways, it’s like 2021 all over again, because, ya know, people do NOT learn. In any case, trees do not grow to the sky, and for what feels like the first time in twelve months, Bitcoin and all the lesser “coins” got smacked in the face, with Bitcoin losing thousands dollars in a matter of just a few days. As I am typing these words, the BTC futures are down $4,000. Remember, that’s the change for today!
(more…)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.
Macy’s Parade Float
Storied retailer Macy’s, which has been public for decades, is apparently going to get taken over at a steep premium. This chips away at the remaining inventory of stocks which even exist. Indeed, the number of public companies out there is about one-third what it was when I started trading. Being public has simply become not-that-great in recent years.
(more…)From Crashing to Dashing
It’s odd that, well after the Covid insanity was over, DoorDash would THEN take the opportunity to prosper. Well, bully for them, then. The chart is looking better all the time.
(more…)Ting Tong
In case there was any lingering doubt about how tech stocks (particularly the Mag-7) have curb-stomped everything else on the planet, here is a ratio chart of the NASDAQ 100 divided by the Russell 2000. It has never, ever been higher (“ever” included the early 2000 Internet peak of Dr. Koop and Pets.com fame).
Brick and Mortar Lives!
Just as television was supposed to destroy movie theatres, online shopping was supposed to destroy actual physical shopping. It doesn’t look at that way. Yes, online shopping has become huge, but it seems to be really leveling out at around 15% or so, which I find surprising.