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.
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.
This is absolutely hysterical (and, as my mama used to tell me, if you didn’t laugh, you’d cry…………)
The Great Bear Depression of 2020 from r/wallstreetbets
This morning was, of course, the jobs report, and the expected unemployment rate was 19.1%, with some estimates as high as 27%. Nope! It came in at 13%, and everyone’s jaws hit the floor as millions of jobs were actually added.
As I was under house arrest all through the night (as are all the residents of my pleasant burgh for a ten day stretch), the market kept doing what it does best: go up based on endless stimulus from Fed-bux from thin air. This is what small caps have done since the open on Sunday, under the cloud of national unrest and near-martial law.
