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.
This is an extraordinarily important juncture for the market: we are either so oversold that we’re going to bounce strongly, or else we’re heading into such a big sell-off that the “oversold” state of the market doesn’t even matter. What I can say for sure is that, for the first time in an entire year, the 50-day EMA has crossed beneath the 100-day.
Fear and greed. It’s all that makes any market. As a bear, I’m feeling greedy as the market collapses, as it has over the past five weeks. Greed served me particularly well last week. Also, as a bear, I feel fear, since to be blunt, virtually the entire world is aligned against me and my interests.
This fear has been born from hard experience, such as what I went through in October of 2022. For most of the year, the market has been going splendidly my way. I make doing amazingly well.
I’d say that the shape of this ARKK shows that it’s going to sink beneath the waves.
Today is the 21st anniversary of the founding of the Slope of Hope. For the past 7,670 days, without fail, I have been writing in this space about whatever I felt was important, whether it was the financial markets, human nature, politics, theology, or some event in my life.
I have hammered out well over 50,000 posts here, and my employment at this one-person organization represents by far the longest tenure I’ve had at any job, dwarfing the dozen years I spent founding, building, and selling Prophet.
I have no doubt I will leave this Earth with Slope as the definition of what it is that I did for a living. I’d like to take a moment to reflect on what brought us all here.
(more…)Remember how white-hot quantum computing stocks used to be? They’ve all lost about two-thirds to three-quarters of their peak value. I believe they have a lot farther to go, although I am only short the first of these, IONQ. Here are the four most interesting ones:
