Well, we’re off to quite the start just half an hour into the trading week. The small caps /RTY is down nearly 100 points, which is about 4%:
Sunday Futures
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.
Chamath Math
Operation Epstein Jury
Last night, as I was about to hit the sack, I took a last peek at Bitcoin’s chart (since I’m long the inverse fund BITI) and was intrigued to see a plunge out of the blue. Uncharacteristically, I thought to myself, hey, that’s cool, and promptly went to sleep without investigating the situation any further.
Down Over $1 Trillion
Microsoft, as a $4 trillion+ company, was considered invincible. Led by their indecipherable CEO, they were seen as a giant for the ages. Well, times have changed. In the span of merely four months, they have lost 30% (!!!!!!!!) of their value, destroying $1 trillion in shareholder wealth.
Importantly, the stock even breached a major gap (see arrow), illustrating that the only thing holding this thing up is hope and vaporware.
Mortgage Those Groceries!
I’ve written about Klarna in the past. This company makes it very easy to pay for stuff, no matter how inexpensive, and to pay over time. I only became aware of it when I was walking into a grocery store in a not-great neighborhood and saw a sign stating that you didn’t have to pay for your groceries all at once but could spread it out (with interest, of course).
This advertisement kind of shows you the demographic: a black hand is holding up the bedazzled phone, and the fingernails are done up in some jazzy style that surely was funded with a Klarna loan.
