The big tech news this morning was that Apple was going to license the Gemini AI (you know the one – – in which the founding fathers are all represented as black and Asian) from Alphabet (more popularly known as Google). My perspective is that all this achieved is to seal up the price gap, and, having returned to lifetime high territory, Google has already shot its proverbial wad.
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.
2021’s Nvidia
If you want to see what a stock looks like when it falls out of favor, look no farther than Tesla. In late 2021, this stock could do no wrong. Elon was infallible. TSLA did nothing but go up.
Lately? Not so much. It is worth about 40% what it used to be worth. Worse yet, it is simply hammering out a series of price levels against which it will likely not rise, the latest of which are these price gaps. And keep in mind, this is in the context of the most over-inflated, fake, government-induced joke of a stock market in the history of the human race.
The Bond Gap
For the bond fund TLT, keep an eye on 96.89. That’s the level of the price gap. If we stay below it, and weaken away from it, that could be a heads-up that equities aren’t going to go up every single day forever anymore. Just sayin’.
The Netflix Gap
Netflix has a P/E of about 50, and I think it is losing momentum. Take note of the price gap between Monday and Tuesday trading.
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