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.
For some perspective (or torture), you can check out the Woulda Shoulda Coulda page. I punch in four common symbols, hypothetically putting $25,000 into each on the prescient day of March 23rd. Let’s see where things stand in just over three months’ time.
No surprise there! Just about doubling. (Incidentally, I’ll add some sums and averages to this page, since they are sorely needed). As for the grotesque wealth inequality, growing by the day, at least the younger generation has figured out the solution: tear down statues.
It has become quite evident that anyone who dares short this market needs to adopt a “smash and grab” attitude and simply cover whatever positions they have during those rare instances (like last Thursday) when the Fed briefly loses control. The fact we’ve soared about 2,200 Dow points in 36 hours based on absolutely nothing proves that.
Well, I guess last Thursday scared the hell out of the traitorous criminal Jerome Powell, who has redoubled his pledge to illegally buy up corporate bonds with impunity. The billionaire Larry Fink, the direct beneficiary of the Fed’s largess, couldn’t be happier.
Once in a blue moon, I have a short position utterly and totally blow up in my face. One of those positions in which, say, there’s a buyout and the stock gaps open 40%. Nasty stuff.
This happened back on February 10th. I was short Taubman, which is a big commercial retail landlord. I (quite correctly) speculated that commercial real estate was about to die, and the rounded top on TCO was amazing.