Here are a couple of powerful examples of how much the market has changed since the heady days of 2021. Below are two stocks, Pinterest and Snap, into as of five years ago. As you can see, in their day, they could do no wrong.
Agony and Ecstasy
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.
Snorting Data Off Toilet Seats
Well, the latest purported inflation data came out, and, surprise, surprise, it was a little milder than even modest expectations.
Extreme Weight Loss
We’ve been watching the Olympics each night, and every forty-five seconds, Novo Nordisk shows the same danged commercial about the Wegovy pill. I was curious how their stock was doing, and it’s interesting how its beautiful H&S top was followed by what is so far an over 60% wipeout in value. Another victory for classic charting!
All the Worst Places
The birthrate is almost perfectly negatively correlated with the places that NEED babies.
K-Pop Chart Hunters
As with last week, I had a couple of fantastic back-to-back days. Each of them started off looking bad, then as the day wore on it just got better and better. I can only hope that, unlike last week, it doesn’t all get undone with some mega-rally on Friday.
The Dow Industrials slipped hundreds of points under the psychologically important 50,000 (or, if you’re Pam Bondi, 50,000 dollar) level. Happy as I am with this drop, nothing has changed with this index. The ascent has been smooth as silk, and the trio of exponential moving averages I’m using on all these charts is just about as steady as one could hope.
