Purple Innovation is one of the many companies I suggested shorting in 2021 which have been completely destroyed. I did a bunch of posts about it, such as this one, which included this disturbing image:
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.
Second Miracle of the Week
I’ve changed from a Knight to a Wizard. Yesterday, out of the blue, I made this comment:
(Before going on, I must tip my hat to the Slope Comments Search, which made it a cinch to find this buried amongst all the others).
Anyway, since God himself created a complete miracle on Monday morning and saved my bearish ass, I was actually very worried all night long. I am INCREDIBLY short, plus I have a VERY risky position in SPY puts which expire in, umm, just two days, so I had a knot in my stomach all knot.
(more…)Doing God’s Work
Told-Ya-So of the Year
How many times did I mention this target for the S&P 500 index? Five thousand times? Seven thousand? More? In any case……..I think we can all agreed…………NAILED IT: Like OH MY GOD nailed it:
My next Nostradamus-level prediction? Simple: the next time we challenge this line, it isn’t going to hold anymore. The spring on this swinging door is worn out, folks. This was its last meaningful stand.
Monday Lovin’
I was terrified that today would be a financial apocalypse. Instead, I’ve made a TON of profits, and I’ve also trimmed back to 17.7% cash so I feel less exposed. Those lying fuckers like Yellen (may death visit her soon – – – make it slow and lingering! cannot be trusted, and I am grateful to G.T.F.O. of some of my more aggressive positions and have cash. I honestly never, ever, EVER expected to be greeting pre-open with this glorious sea of red:
