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’ve all heard about “the one that got away”; well here are two. I used to talk about these two ideas so frequently that I got embarrassed about it. The rationale for both was the same: an analog. My view was that each of these stocks would ape their behavior between 2006 and 2009. In both cases, this has come sensationally true, and even I am amazed. I confess I didn’t actually partake in these beauties, but I hope a few of you did.
Years ago, people assumed I was really good in math, because I got mixed up in microcomputers starting in 1979. For some reason, people thought computer geeks were math wizards. I wasn’t. I was a writer, as I am to this day. So metaphors, not math, are more my thing.
A few days ago, one came to mind which struck me as particularly good, so I thought I would share it. So join me on a mental model which I think will help explain the past nine years.
For the entirety of 2018, I have been obsessed with the analog between the present year and a decade ago. This has been unfolding absolutely beautifully, and one of the reasons I love this market (four words I haven’t been able to say in a very long time) is how chart-friendly it is and how magnificently the financial stocks are breaking down. I suspect we have a long, long way to enjoy this calamity.