Over the past two years (roughly from early 2024 onward), financial analyst Tom Lee of Fundstrat has issued several optimistic Bitcoin price predictions that significantly overshot actual market performance. Below, I’ve compiled some of his most notable misses, focusing on targets he set for 2024 and 2025, along with what actually happened to Bitcoin’s price based on reported data. These are drawn from public statements and interviews he made during this period.
(more…)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.
You’re No Longer Needed
Here is an interesting chart: it shows how, for a solid twenty months, traffic has been diminishing with Wikipedia. This certainly makes a certain amount of sense, since these days any web search (or Copilot or Gemini or what have you) is going to give most people just about all the information they require.
Stack Blown
A decade ago, Stack Overflow was where every CS engineer went to ask questions and get answers. It’s fascinating to see how, now that ChatGPT (and the like) make such places unnecessary, it has shrunk to nothingness.
Revenge of Cable Cutters?
Six of One and ……
…. half a dozen of the other.
In my last post on Friday 12 December, I was looking at the rally since the late November lows, noting the new all time highs on DIA and IWM, and saying that I was still expecting to see all time high retests on SPX and QQQ in December.
I also noted that QQQ has been the slowest index in the rally so far, and that has made the rally after the initial move up spiky and uncertain. There is a setup here today that could go either way and I wanted to have a quick look at that as it is an interesting one.
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