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.
To come right to the point, it would be awfully nice if the market would stop dicking around and plunge like it’s supposed to do. All this teasing, little up, little down, little up, little down, is boring and maddening. Come on, Mr. Market. You know you’re astronomically overvalued. Get yourself right!
Speaking of little down, that’s what we got (as of pre-open, at least) as the /ES has meandered pointlessly since yesterday, producing a petite rounded top.
Today is absolutely marvelous. I am furious with myself, because I allowed myself to get scared and eased up on a few positions. Shame on me! What a ghey boy! ARGH. Anyway, I’m still in 27 bearish positions, plus my TSLA, so I’m not a total failure. Still, THIS IS NOT THE MARKET OF THE PAST DOZEN YEARS ANYMORE.
I’d like to talk about another tidbit of self discovery which occurred, of all places, at a Tesla Supercharger.
Over the course of the nearly 160,000 miles I’ve driven my Tesla, I’ve visited my share of charging stations. Most of them are in clean, safe areas, sometimes even with cool stuff to see and do nearby.
Oh ye of little faith!
I’ve got a couple of charts to show you that are interesting. These are private charts. What I mean by that is that they representing the sum total of paying subscribers (God bless ’em all) here on Slope in two different eras. The first one is the Spring of 2020, during the Covid crash:
There was the headline, same as always: “Futures Reverse Overnight Losses”. To which the first comment, appropriately, was:
