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.

Game Make It Stop

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I wasn’t watching the market in 2008 as closely as I do today, so I didn’t observe the legendary Volkswagen Short Squeeze in real time. I have been watching the insanity in GameStop (GME), however, and it is jaw-dropping. This is a stock was was less than $3 only nine months ago, and it got up to about $140 this morning based on nothing but squeezing the everlovin’ life out of the bears, led by a merciless /reddit army.

gmeexpl
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Long, Long Wicks

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In the parlance of candlestick charting, a “wick” is the skinny line protruding either above or below the color rectangle (known as the “body”), and long wick typically denote volatility and uncertainty. The year 2020 was certainly chockablock with wicks, and below are eleven charts, constructed with annual bars, with some comments in each captioned area.

slopechart VIX
The only graph that consistently has long wicks is, understandably, volatility itself. This year was remarkable in the sheer length of the upper wick and the fact that its peak matched that of the global financial crisis in late 2008.
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