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.
What an interesting morning so far, eh? The saints, heroes, and champions known as equity BEARS are in a violent battle with the thieves, charlatans, and pornographers known as equity BULLS, and it’s unclear if God or Satan will win. The bounces have been incredible! Check out the futures:
Remember match.com? (Symbol MTCH)? I’ve written about it many times, and I highlighted it six months ago in a post called Favorite Featured Three in which I shared my three favorite charts for short positions. Every single one of these three isn’t just down, but has been blown completely to smithereens. Here are the percentage changes for the time since my post:
Those of you who follow my Twitter feed might recall that early on June 17th, I called the market bottom. See, YOU might recall, but I certainly didn’t. I was only reminded of this when widely-followed @jedimarkus77 was kind enough to remind the world that I nailed the bottom within a couple of hours. Now I can combine my charting prowess with an ability to actually listen to myself, I’d be all set.
That’s it, ladies and gentlemen. The first half of the year is in the bag, and I stand at a 80.3% return thus far.
How delightful it is that the charlatans, hucksters, and carnival barkers of 2020 and 2021 are dead and buried. Well, that’s not entirely true. They did manage to dump hundreds of billions of dollars of their now-nearly-worthless equities onto simple-minded retail investors afflicted by FOMO. But seeing the likes of the loud-mouthed, crass, stocks-are-easy blowhard pictured below and knowing that his time has absolutely passed gives me a warm, soft glow.
I think TNRev and I were the only two people on the planet Earth who were bearish on energy as of June 8th. I did GREAT with my puts except for one thing. I sold most of them! God damn me! My CPE and COP puts are triple-digit percentage winners now, and I look wistfully at MRO, MUR, DVN, and other beauties. Suffice it to say that in about a year that dolt Cramer will notice it’s a bear market in energy. We were first.
