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.
The evidence that we have time-traveled back to 2021 is getting stronger by the day. It isn’t just AMC, or GME, or Bitcoin. Now it’s SPACs. I present to you Exhibit A, the stock of OKLO, which has followed the SPAC playbook perfectly: be at $10 for months, blast higher for a few weeks, and then utterly collapse, taking shareholder value down to the grimy, grease-ridden bottom of the dumpster.
While thumbing through charts, I noticed something curious. I am quite bearish on Super Micro (SMCI) but its price makes it unappealing from a ‘long put” perspective since its options are sky-high.
This has got to be one of the most unexpected things I’ve read all year: where’s the most praised airport in the world? Vietnam! I’ve been to the one in Singapore, and it is indeed spectacular, but I honestly find it stunning (and pretty cool) that Vietnam has got even that beat.
It’s from last year, but it doesn’t matter. This is a fantastic video:
Japan isn’t a normal situation though, where recession would likely be bad for stocks. Japan is a potential monetary disaster in the making. Their currency sports a huge bullish base that has already broken out, and the target off both the large base and the consolidation from 2022-2024 is 175.
Beyond 165 a larger base is complete. The rapid descent in USDJPY on the left side of the chart was caused by the 1985 Plaza Accord. Given Japan’s monetary follies the past three decades, a rapid ascent for USDJPY is well within the realm of possibility.
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