Here’s an eye-opening illustration of where Meta revenue comes from: virtually nothing (relatively speaking) from reality labs (stuff like the Meta glasses) and virtually everything from deliberately addictive stuff like Instagram.
Reality Bytes
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.
Is It My Charting Videos?
ZH in a Nutshell
If a website can be a hero, Zerohedge used to be mind. When they started, they were basically a giant version of Slope. They despised the Fed. They considered Goldman Sachs to be a vampire squid. And they figured the stock market was doomed.
Some years back, for reasons I do not know, they flipped 180. These days, the essence of ZH is:
- They worship, and I do mean worship, Trump;
- They parrot everything Goldman Sachs says every single day;
- Unless the market is in a free fall, they are virulent permabulls;
- Their comments section is basically a hybrid of the Ku Klux Klan and the NRA.
It’s a real shame. I used to think they were the greatest, but now I consider them swill.
Zoom’s Dead Boom
The Year Of The News Bomb
In my post on Monday 10th Feb I was looking at the bull flag setups on SPX and QQQ and the historically bullish lean through Tuesday 18th Feb and was projecting that we might well see retests of the all time highs on SPX and QQQ in that bullish window. We saw those all time high retests on QQQ on Friday 14th Feb and on SPX on Tuesday 18th Feb.
In my post on Wednesday 19th Feb I was looking at the very nice looking topping setups on SPX, QQQ and DIA and the historically bearish lean through Friday 28th Feb and suggesting that, if these patterns were going to deliver, then this bearish window would be a good time to get started on that.
So here we are, with that bearish window ending at the close tomorrow, with the stats for tomorrow leaning strongly bearish on SPX at 28.6% green closes historically.
(more…)