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.
Today I got my invitation to try out the new SearchGPT, which is OpenAI’s attempt at creating some kind of revenue-generating market for itself. I was prepared to hate it, but in an exhaustive 30 second testing session, it’s actually pretty cool.
The first thing I wanted to try, naturally, is to see if a query which SHOULD bring up Slope would do any such thing. I asked if there were any websites that specialized in short selling stocks.
Yesterday morning, all the permabulls were hugging, kissing, and caressing one another due to the big pop in one of their favorite stocks, AMD. Well, merely a day later, the entirety of the earnings gains have been torched, and we’ve cracked to multi-month lows. Get used to it. There is probably about $10-$15 trillion of shareholder destruction ahead in the next year.
If you asked me whether or not I’d like to watch a one-hour video of a mushroom-munching hippie obsessed with psychedelics and the Mayan calendar, I’d have given you a hard no, but I’d have been wrong. I stumbled upon this fellow whom I’d never heard about but is clearly brilliant. It’s worth listening to it, if for no other reason than he has a marvelously soothing voice.
Another wipeout: this one, the lovely pharma opportunists at Moderna (MRNA), which has already lost 80% of its value. Just 20% to go!
That’s the end of it, everyone. The fun part of the earnings season is over, and now we back to the same old crap of billions in buybacks every day and not much else going on. Groan.
Anyway, AMZN has reported, and the results speak for themselves.
