There was a time not long ago that Meta was a total garbage stock.
![](https://slopeofhope.com/wp-content/uploads/2024/02/slopechart_META-3-640x343.jpg)
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.
One would think that on a day when the /NQ was once again up triple digits, a day that lifetime highs were all around, a day that the /ES was rushing to yet another record, that ol’ Mr. Permabear here would be weeping in the corner of the free soup kitchen. Not so! My lovingly chosen five positions are doing great, and I’ll end the day with a record portfolio value for 2024. If I can have a good day on a stupid day like this, God help me if the morons in D.C. actually permit a few down days in a row! W00t!
Well, bulls, you can’t have your cake and eat it too. The “cake” is the blow-away results from the likes of META and AMZN which are causing prices to go into nosebleed territory. The “eat it” is the jobs report, which came in white hot and is the LAST thing the Fed wants to see if they plan to cut rates.
Although I don’t hang out in the comments section much, I always read the most popular comments each evening from the Daily Digest. I noticed that tonight, far and away the most like comment was from Arizona Slim, the elder statesman of Slope.