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.
Dreading the Red
I used to absolutely live for mornings like this. I mean, you’ve got:
- Every single asset in a free-fall;
- Miserable bulls;
- The prospects of my positions (both real and pretend) exploding higher;
- A Federal Reserve which looks absolutely idiotic.
I mean, that sounds like every day in heaven, doesn’t it? I could get used to that, 365 days every year.
And yet every single time this happens — Every. Single. Time. – – whatever traitorous scumbag is heading the Fed screws things up for us bears (and I’m probably going out on a limb even using the plural at this point, even on a planet of 7 billion people). Greenspan. Bernanke. Yellen. Powell. They’re all the same.
(more…)And………..Scene.
About Last Night
The punchline: Elon’s hosting gig on Saturday Night live wiped $50 billion off of Dogecoin’s market cap in a single session.
The setup: That’s going to take longer to explain.
For those of you visiting us from outer space, Saturday Night Live is a nearly 50 year old show which, at times, has been the hysterically funny touchstone of American culture, and at other times, has been a wretched bore. I’ve watched the show countless times, and know everything there is to know about its history, but I stopped watching it a very long time ago. Having seen last night’s episode, I feel no sting of regret.
Elon Musk, the zillionaire founder of Tesla and SpaceX, was the inexplicable host last night, and given his endless pumping of the Dogecoin currency, the general feeling among the bubble-headed millennials was that the smart move was to buy up as much Dogecoin as they could afford and – in their own endlessly-repeated words – ride the profits “to the moon” as DOGE exploded to God-knows-how-high a price.
(more…)Rocket Explosion
This is a tale about risk, hubris, and disaster. I stumbled upon it quite by accident.
Let us begin by taking a look at the chart of a relatively young stock named Rocket Companies (symbol RKT). You may have heard of Rocket Mortgage, but they have a variety of other financial lending products. Anyway, here is the chart, absent a couple weeks of the most recent history:
