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.
I stumbled upon a post I did in October 2020 called Fastly Overrated (heh). Let’s just say, looking at the updated chart – – down about 92% – – my cute title wasn’t far off the mark! It’s so low, the SlopeCharts watermark actually covers its prices for the past few months.
Back in 2016, I wrote a post called Ten. Million. Dollars. which is worth a re-read (and will save me telling you the story again). The elevator pitch is that, around the corner from where I live is a cottage (not even 940 square feet) on a half acre lot which was bought for $10,000,000 by, I would assume, a Chinese national who wanted a safe place to keep his money. In the six years that have passed since then, not a single person has spent a single night there. It’s literally just an asset that has no function to anyone.
As I was walking my dogs on one last pre-trip walk at 5:30 this morning, I walked by the property, which I’ve done hundreds of times before, and it occurred to me that it would be interesting to know what the estimated value of the place was. Amazingly, I hadn’t bothered checking even one time for over six years after I wrote the post, so I fired up Zillow and……….
(more…)My post from July 21st, A Frightful Update, seems to have served as the most accurate roadmap for what’s going on in the market. I am reminded of this since, in spite of the equity futures taking a nice tumble on Sunday, the markets have, as has been their habit for two months, told the bears “Screw YOU” with the price action all night long……..
I want you to know what caliber of genius and pigheaded idiot you’re dealing with. By way of introduction, I share with you below the premium post published on July 21st. In its entirety:
I just had one of those “whoa!” moments that I wanted to share with just my premium members. I just put together this chart for you of the /ES, which I’ll explain next. As always, you can click on it for a larger version.
The entire world was in LOVE with energy up through June 8th. A mere two days later, I did a premium post which stated that, as strong as energy had been, the mere fact that Jim Cramer was a fan was enough for me to commit substantial capital resources to shorting it.
