Why on Earth would anyone buy into a new stock in this laughably overpriced market? It’s a guaranteed loss. Here are a few easy-to-find examples:
IPOs are So Back!
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.
Mean Mister Mustard
As impressive as the rounded top on KHC was, I held off shorting it because it’s hard to conjure up how a company that sells ketchup and mustard could fall hard. I mean, Tesla with a p/e of 300 is one thing, but – – Kraft-Heinz? Still, I pulled the trigger last week, and it’s going all right so far.
Bitcoin Blows
Normally, I shy away from talking about crypto for the same reason I shy away from talking about any member of the current administration: because its supporters are zealots, bordering on religious mania, and nothing I say is ever going to change them. Plus, they’re goddamned nuts. Thus, I tend to keep my mouth shut.
I’d at least like to point out, however, that the price is Bitcion is the same it was eleven months ago.
Reality is One Thing, Markets Another
Excerpted from the November 2nd edition of Notes From the Rabbit Hole (NFTRH 887):
As noted last week, I am hearing all too much talk about a market crash to feel comfortable in a bearish view beyond the very short-term. Yes, the national debt (along with debts around the globe) is increasing with no end in sight. YouTube’s algo keeps feeding my TV video interviews of deep market thinkers talking about the coming crash. CNN even talked crash with 1929 author Andrew Sorkin. Ooh, scary!
It was October, after all, the most overrated, supposedly bearish month of the year. Well, nothing is foolproof, least of all market seasonals, but we are now in November, the traditional beginning of the supposedly bullish period that ends with “go away in May.”
The October crash talk is a “tell” that a crash is probably not imminent. Here is another. While I take issue with minor elements of CNN’s interpretation of the Fear/Greed index, you just don’t tend to get market crashes from all-time highs with sentiment readings like this. Market crashes tend to occur after enough bearish activity has already happened to drive mass sentiment to fearful.
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