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.
It’s been a long, long time since I’ve loved what the stock market was doing, but with patterns failing, trendlines cracking, and horizontals getting toasted, it’s finally fun once more. The indexes are quite similar with respect to their failures. We’ve got the NASDAQ Composite:
The map below is no surprise to me. I guess with the exception of New York state, California is the most parasitic when it comes to taxation. I don’t really feel it myself (how could I, with Slopers defining my income??) but my boy certainly does. Not only was his state tax bill enough to fund a new hydroelectric dam, but thanks to the Trump tax changes a few years back, a mere $10,000 of those are deductible! Suffice it to say, I hate all governments, and I resent every single penny my family sends to any of them.
Early this year, in anticipation of (possibly………) become a more normal human and actually just going LONG stocks, I put together a quarter million-dollar hypothetical portfolio spread evenly across twenty-five $10,000 positions. The profits on this got up to something like 60% annualized, but in recent days, they have crumbled away to effectively nothing. In a perverse way, you have no idea how happy this makes me.
I went to turboxtax.com this morning, not because I was doing my taxes (hell, I finished those in mid-February!) but because I needed to submit something for one of my kids. Seriously, people, what is going on here?
Wait, I thought AI was supposed to guarantee profits? What could be more AI than a company whose ticker symbol is AI? Down 50% in the past ten months………….
