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.
Strap in. This one’s a doozy.
So, here’s a chap who took the entirety of his inheritance and decided it would be a capital ideal to put every penny of it into DJT $40 calls. Yes, 1,654 contracts, a seven-figure position, and all dependent upon the price ascent of a company that has done nothing but lose hundreds of millions of dollars. It began to dawn on him this might have been an error in judgement a few days ago when he made this post.
Yeah, yeah, I know. Tulip bulbs. The South Sea bubble. Japan in the late 1980s. We’ve heard these tired old tropes countless times, yet given the age we live in, these allegories are the equivalent of holding up a $20 bill and expecting to keep the rapt attention of your audience while there is a billion bucks of gold stacked up behind you. We need the drama to match our new reality.
What we are experiencing at this very moment utterly dwarfs all past examples, and on this very weekend, we have entered an entirely new level of crazy.
I just bought June $230 puts in Carvana (CVNA), whose recent price activity is featured below, augmented by the oh-so-innocent grin of its convicted felon founder (who had to have his son be on the paperwork, what with the prison sentence and all). The company has been, for the moment, insanely successful, and it is sporting a price/earnings ratio measured, quite literally, in the quadruple digits.
My brain isn’t good at much. I don’t have a knack for math. I’m lousy at remembering names of human beings. And I bet if I tried to be an actor, I’d forget my lines. I am, however, very good at analogs and metaphors, and they’re always creeping into my head, uninvited.
The latest one involves something in which I have a weird fascination, which is the peculiar and frankly gross recipes that seemed so popular from the early 1950s until the early 1980s. I run across these on a daily basis. Here’s just a small sampling, with a particular emphasis on what seems to have been a fetish in the United States: Jello-O based molds. Shield your eyes, Frank.
(more…)I used to have three dogs. Now I’ve got two, one of whom is more of a fluffy throw pillow than a dog, since he’s too old to do anything except sleep. Thus, I’m really just down to just a single blonde mischief-maker. To stave off depression for the both of us, I’m walking him three times a day instead of just once, because his friend and walking buddy is gone.
