As a resident of the fair city of Palo Alto, California, I have watched with a combination of bemusement and dismay as real estate prices have, over the past three years, reversed course. Mostly, however, I feel a sense of relief that we still have proof that trees do not, as the saying goes, grow to the sky. Although in the case of stocks, such as AAPL below, this has yet to be demonstrated.(more…)
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.
Over in the lunatic asylum of /WSB, there was a guy who decided to plow virtually the entirely of his account into, shall we say, a risky bet.
Specifically, he bought about $100,000 of out-of-the-money AMZN puts that expire next Friday. I know, right?(more…)
On March 29th of next year, Slope will celebrate its 15th year of existence. This website has an extraordinary history over those many years, making it one of the most longstanding communities of traders on the Internet, and countless characters have made their way through these halls as both contributors and participants.(more…)
It is dead quiet this morning (I am typing this before the open, and the ES is up 0.01%), so I thought I’d fill the space with a little something that occurred to me when I woke up.
Anyone here remember Long Term Capital Management? Yes, I see some hands in the back of the room. For those of you who aren’t, LTCM was a hedge fund in the mid 1990s which blew up. That in itself isn’t very interesting, but what makes the blowup distinct is that it was rescued by the federal government. Looking at the four years prior, one wouldn’t have seen this coming:(more…)
The message of this post will be greeted by some with a “Thank God!” and by others with a “Who Cares?“, but I wanted to let you know anyway.
For a while, there has been a quirk in our caching system which resulted in the “latest” blog post shown being rather out of date. Sometimes by an hour, and sometimes by even days. This applied pretty much exclusively to Guest accounts (those who hadn’t even bothered up signing up for a free Sloper account) but a handful of others as well.(more…)
Greetings from snowy Milwaukee. Whenever I travel, I’ll often swing by the newspaper stand at the airport and pick up a New York Times and maybe a Wall Street Journal. It gives me something to do on the plane if I don’t want to bother with WiFi.
A few days ago, I did just that, and there was a feature article about how people were dressing much more casually on planes. The article said that, on the one hand, a business traveler doesn’t want to wear a suit, but on the other, they don’t want to be loafing around in ratty old sweatpants. Thus, there was a happy compromise reached with “nice” sweatpants, and they showed about eight different choices. Here was one of them:(more…)
There isn’t a day of the week that I don’t think about Slope and how it can be made better and more useful. As we near the end of the year, I’d like to solicit your help so I can prioritize our efforts. Please take a few moments to tell me what matters to you among these choices. Thank you! (If for any reason you don’t see the survey below, here is a direct link).