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.
What an amazing week, and it’s not even over! What’s not at all amazing is NVDA, what used to be the hottest stock on the planet. These days, it’s about as exciting as a passbook savings account. What a boring piece of crap! Maybe we should just all sell options against this oil painting.
No, that’s not a quote from me banging on the door asking to use the bathroom. It’s simply my attitude toward the market, which seems to be struggling with its willingness to plunge itself into oblivion. Not that this has been a bad week. Far from it. Still, it would be nice to simply see this thing go full-blown Imodium A-D.
The “feel” of the market has absolutely changed. For 2026 as a whole, the sensation of fighting the beast has dissipated, and my disposition has morphed from defensive to opportunistic. I will have more to say later, but for the moment I’ll simply offer two thoughts:
First, the prospect of a truly meaningful breakdown is looking clearer than ever……….
Good morning, everyone, from the inky black of Palo Alto’s pre-dawn. I’m relieved to see so much green on the screen, not that I’m long anything (except for Rivian) but because I’m so light. I was rather troubled last night when I saw the market plunging again and figured I’d be kicking myself for selling off 70% of my DIA puts already, just as one example.
I will say, though, that looking at the volatility chart for 2026, it seems we’re in an environment of higher highs and higher lows, not the end of the dynamism.
……for the bears, I mean!
Principally, it is that many mega-assets are so battered. Take, for instance, the likes of IBM:
