I honestly thought the whole “meme stock” thing was dead and buried, but as the past few days have proved, this is not the case. The desperate desire to gamble and make huge gains overnight is hard to shake for 19-year-old “traders“, and the stars of the past, AMC and GME, are again the stars of today. At least until about 30 hours ago. Both of these stocks, quite predictably, are getting clobbered, and I am highly confident the blood is just going to keep flowing.
(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.
CPI Bull-Fest
The latest completely-made-up and watered-down inflation numbers came out, and they are, surprise, surprise, exactly as anticipated. We’ve become like China in that respect: a number is “supposed” to be certain level (let’s say: Real Inflation divided by 10) and then, oh mah garsh, the official number is the same.
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