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.
Here is a map showing the change in state income taxes over the past quarter century. A handful of states have 0% income tax, which I find enviable. Here in California, we pay up to 13.3% (!!!!!) tax, and keep in mind, that is NOT TAX DEDUCTIBLE thanks to the blue-state-hating tax act of 2017. We pay high taxes, yes, but at least we get a high speed rail project that’ll never see the light of day.
There are a couple of items in my Bear Pen whose options stink but whose underlying stocks are shortable. It might take time for these to melt to their destiny, but I think it’ll be worth the wait.
RFK Jr. is one weird dude, but I do applaud his fierce anti-pharmaceutical disposition. My Merck puts are doing dandy, and I think there’s tons more dandy to come.
One item I hadn’t glanced at in weeks is $SPX200MA, the measurement of what percentage of stocks are above their 200-day moving average. It’s quite a sight to see just how steady the overall breakdown has been, particularly since the mega-bounce lately is doing nothing more than clamoring back to the former support level. A U-turn should be forthcoming as the percentage of stocks continues to make new lows.
Intuitive Machines is a relatively young company and a very popular stock whose bounce is, I think, just about over. That gap should represent an exhaustion point for its own bounce.
