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.
Nvidia Innovation on Monday
The Grateful Eight
On Friday, the stock market was more expensive than at any other point in human history. My portfolio has eight positions, all of them bearish. And, paradoxically, every single one of them is profitable. That’s encouraging to me, for obvious reasons. Here are a few words about each of them. I show the first two to everyone and the final six to paying subscribers only.
![](https://slopeofhope.com/wp-content/uploads/2024/06/slopechart_APA-640x336.jpg)
The Market is Stoned
Equities reached lifetime highs pretty much every single day this week, and the VIX is just about to reach an 11-handle. I just wanted to illustrate for you, going back many, many years, just how low we are with respect to volatility. Examine how infrequently we are at these levels! I have been loading up on puts CHEAPLY these days, since the entire stupid market is convinced that stocks never go down, so premium is basically FREE.
![](http://slopeofhope.com/wp-content/uploads/2024/06/stoned-640x363.png)
Puss in Boots
Over the course of last week, something like 800 million shares of the otherwise-worthless Gamestop (GME, duh) traded thanks to the carnival barker Keith Gill (AKA RoaringKitty AKA DeepFuckingValue AKA DroppedOnHisHeadAsABaby). Nothing sums up the entire situation quite like this: