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.
This is kind of surprising. I figured California would be the most awful, but it isn’t. I will mention, as an aside, that my monthly utility bill for my house is consistently about $1200, whereas the utility bill for a house in North Carolina we own is about $35, and seriously, I have NO idea how that is possible.
This chart is beyond belief. My parents made it known to me and my siblings that we were adored above all else and, by the way, we were expected to leave the house at 18 and not come back.
While it is always tempting to defy strength, it usually goes badly. For instance, Starbucks was a lousy stock, and I bought puts on it, and those puts doubled in value. Costco, however, is a fantastic stock, and it’s insanely overvalued (a p/e of 55 for a seller of giant mayonnaise jars and packs of AAA batteries), but I’ve lost money trying to go against it. I will say, long-term, this price looks like it’s just BEGGING to be shorted, but I’m not touching it. Maybe you should.
If the sleezebags in Washington are voluntarily creating rules to foreclose them from making profits doing insider trading on equities, there is no doubt that the market top is in. They’re not going to do this out of honesty and decency. They’re made their fortunes, and this insanely overvalued-market will now be allowed to collapse, the profits of our “representatives” safely ensconced.
I am also the happy owner of September $70 puts, presently up 20% from purchase. Remember, I am acquiring these puts dirt-cheap at these laughably inflated market prices.
