The Knight family has nothing but Teslas.
Soy Boys of the West
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.
We’re Getting Railed
I’ve written about California’s ridiculous high speed rail boondoggle, which as I’ve predicted countless times will end in non-completion and total failure. I was reminded of this the other day when I heard on a program that China just completed its 30,000th mile of high-speed rail, whereas the U.S. has yet to lay a single mile of track. But at least we rule the world in terms of blowing schoolchildren to bits, right?
Slow Intelligence
A few days ago, I was awfully proud of myself, because I made my first working product using AI. It wasn’t much of a “product“, but it was a webpage that I really needed which would normally have cost me hundreds of dollars to have someone make. Armed with ChatGPT, little old me did it for free in about five minutes.
I have cautioned myself about cranking out AI-based pages left and right, though, for one simple reason: even with the pro-level AI service that I pay for, it is slow, slow, slow. I was reminded of this just now when I wanted to ask a simple question about my mortgage. I asked Grok.
The Second Coming
We are interested in markets here on Slope, and lately there has been an explosion lately in what are essentially legalizing gambling sites known as prediction markets. The largest is Polymarket, where you can be on just about anything imaginable, including this unlike scenario:
Playing with Fire!
It is exceptionally rare that I can honestly type the following words, but here goes: every decision I made today was the right one. This list is not exhaustive but, among these actions are:
- Selling SPY puts promptly after the market opened (Made 118%; by day’s end, they were worthless)
- Selling April DIA puts (which means all my options have at least until June for expiration now)
- Judiciously trimming some larger options positions for more even-handed risk
- Closing IBIT position and instead buying bonds by way of TLT
- Tidying up the stop-loss levels of every single position.
I guess when the permabulls at Zerohedge made their top story going ‘tactically bearish‘ the writing was on the wall………this is truly Gartman level:
