Coffee is one of the commodities the world economy is running low on, per Bloomberg.(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.
Well, just like I’ve mentioned about eight thousand times, particularly on my tastytrade show, what I called the “Accidental Beneficiary of Covid” (ABC) — Peloton – – has finally hit the skids. I’ve been making snarky remarks about this place for ages, since I never believed cheesecake-gobbling Americans would pay big fees every month to exercise and get shouted encouraging bromides from strangers. I’d say this has vastly lower to go. The head and shoulders pattern I’ve been tracking for months is completed, and it’s bombs away now.
One of the most bizarre things about Slope is that its best ideas are long ones (OK, that’s not so weird, since everything has gone up non-stop the past dozen years). All the same, if you glance at this post from two years ago, I was bullish on both Bitcoin and Ethereum (particularly the latter). My target for Bitcoin was a bit conservative at $6,000 (since, umm, it went up TEN TIMES MORE than that!) but I think we can at least agree my view of Ethereum being a good price at $160 wasn’t too bad, since it’s up about 18-fold from there:(more…)