Now that Anthropic is on the calendar for an October IPO, and SpaceX is healing, interest in pre-IPO stocks has renewed, as illustrated by the wheezing recovery of these funds:
Siren Song
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.
Washing the Windows
It has been a few weeks since I wrote a post about the US equity markets and in large part that has been because while the short term patterns and setups are still important, and I’ve still been looking at those in detail in my daily premarket videos for subscribers, the background to this market, while generally ignored, has been becoming increasingly obvious and divergent from what we are watching on the surface.
I was talking to a friend about this yesterday and compared it to washing the windows on a house that was burning down. I said that as this happened the person washing the windows would either be unaware that the house is burning down or didn’t yet see why that might be important. Only when that perception changed would he/she stop washing the windows.
(more…)Bottom of the Barrel
Fear has left the building utterly. The VIX has been beaten down to just about as low as it gets beaten. We’re just about due to something – – anything – – to happen.
A Paragraph of Optimism
Our friends in Gainesville have an interesting summary tonight as to the mania that has gripped the public, late 1999 style. Kindly read (and click for a larger, more readable version):
In the Mix
Heading into the weekend, it seemed the big question was how peace talks would go. By Saturday, it was clear that they weren’t even going to take place, which in saner times would have meant a total wipe-out on Monday (that is to say, today).
In fairness, there WAS a gap down on Sunday when the futures opened, albeit a modest one, and even then, the market bottomed within minutes before dusting itself off and moving to LIFETIME HIGHS on the /ES, the /NQ, the /RTY, and any other index you might care to mention.
