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.
Feeling frustrated? Trapped? Exasperated?
You’re not alone. The reason is simple: we have spent WEEKS (specifically, twelve trading days) trapped inside a teeny little range, with the market lacking any particular reason to go up or down by any meaningful amount. The longer this incarceration goes on, the bigger a deal it’ll be when it breaks.
Of all the corners of the Internet that worshipped Elon Musk, none was more zealous than the one populated by the sebaceous young men over at the /wallstreetbets sub-reddit. They absolutely adored the guy, referring to him as “Papa Musk” and depending on him to make them rich before they reached the ripe old age of 25.
Well, just as the most strident anti-smokers are people who used to smoke but quit, likewise the young lads populating WSB absolutely despise Elon Musk, since they feel so betrayed by him. More specifically, since TSLA has lost three-quarters of its former trillion dollar market cap, countless Robinhood and E*TRADE accounts lay in tatters. If you visit WSB these days, you’ll find the vast majority of front page content is nothing more than some form of Tesla-bashing or Elon-raging. I offer to you a sampling:
Here’s someone who got his ass handed to him but is keeping a positive attitude and apparently recognizes he’s young and has lots of time to figure things out.
Good morning, everyone, and welcome to the end of the trading year. With a complete lack of economic data and earnings data, I think the next five trading days – – today, Wednesday, Thursday, Friday, and next Tuesday, are going to be buffeted about like a ship lost in fog. There are a number of factors at work here that are going to make the trading activity messy and, in the end, meaningless;
For those who went through the financial crisis, you probably heard from friends lamentations that they didn’t gobble up stocks – -any stocks at all! – – in March 2009. You could throw a dart at a list, and you’d pick a winner. Yep, probably true. But, at the time, it wasn’t so obvious, was it? You need to know when to catch the falling knife. The market is packed with charts like those below, and personally I think we’re light years from a bottom. Yet, at some point, there is going to be a smorgasbord of bargains. I just don’t think it’s here yet.
