…..I will religiously, and without question, respect the Gartman indicator. It is a deep personal failing that I have elected to ignore it, time and again.
One Day, One Day…..
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.
Jimmy Crack Corn
Here’s some life advice: if you’re in an industry that Altucher ever decides to create a newsletter about, you should probably get out of it. Last time, it was crypto. And this time, it was pot stocks, all of which have been utterly torpedoed. (And dropping even more today……..)
Anyone Smiling?
One of the most recent unicorn catastrophes has been Smile Direct Club, whose losses during its brief lifetime are approximately 60%. No matter where you look – – UBER, TLRY, LYFT – – the millennial darlings have been equity bombs.
Uranus Rising
Mark your calendar. It’s finally happened. Public thought with respect to equities has finally jumped the shark in a way that was scarcely imaginable a few years ago. I present to you the latest financial app, Bull & Moon.
Fancy Pants
Greetings from snowy Milwaukee. Whenever I travel, I’ll often swing by the newspaper stand at the airport and pick up a New York Times and maybe a Wall Street Journal. It gives me something to do on the plane if I don’t want to bother with WiFi.
A few days ago, I did just that, and there was a feature article about how people were dressing much more casually on planes. The article said that, on the one hand, a business traveler doesn’t want to wear a suit, but on the other, they don’t want to be loafing around in ratty old sweatpants. Thus, there was a happy compromise reached with “nice” sweatpants, and they showed about eight different choices. Here was one of them:
(more…)Upchuck
And for our unicorn IPO disaster of the day, I present to you UpWork, down 50% since its peak eight months ago:
How It Was Done
As interesting as the crazy WSB/CTN story was, I honestly didn’t quite understand the Robin Hood loophole. This video does a superb job explaining it:
