Well, I thought this day would never come, but here we have it. In the course of a single session, I have traded my way from 8th place to 1st on the Slope of Hope virtual trading platform.
King of the World!
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.
Natch
As it always does, the selloff today ended not long after the market opened – – indeed, just twenty minutes into the cash market. The good people in Washington, D.C. once again did their duty and bid prices back up. Some sectors, particularly those tech-related, have been sold off quite hard and are prone to a more meaningful bounce. You’ve got such disasters as Peloton………..
Seven of Seven
The Boredom Demons were tormenting me again most of yesterday. This makes clear why I hate weekends, and why I hate three-day weekends 50% more. At least this was the two-day variety. In any case, struck with nothing meaningful to do, I grabbed Ray Dalio’s three volume set about debt crises (yeah, I’m fun on the weekends). Here’s a tidbit I think you’ll find interesting (sorry for the highlighting, but all my books look like this):
Funny Pages
Long-time readers know I have an adversarial relationship with boredom. I can’t stand it. There’s a reason I wrote twenty published book by the time I was twenty years old. I get antsy. I’ve got to be creating.
Thus, last night, I was going out of my mind. There was nothing left to clean. Nothing left to organize. Hell, I’ve already done all my personal and corporate taxes months before they are due. So I decided to prowl our bookshelves for something to read. What else was I supposed to do? Watch an idiotic TV show? Come on.
I found something interesting that I had originally bought years ago for one of my beloved children. It is basically a 300 page comic book (oh, sorry, graphic novel) about Economics called, appropriately, Economix. It’s absolutely superb, and this ‘comic book’ imparts more information than over 99% of the American public understands.
I’d like to share one snippet with you in particular, which for some odd reason I find germane to ours times. The tinting is my own:
(more…)Don’t Just Stare At It!
Contributed by Vittorio: In a recent header post, (Untethered), Tim suggested we read an article. He stated it would take approximately thirty minutes to read. I did not see that as anything more than a courteous signal of what a viewer could expect in their preparation to see to it that this article was to be read.
It was that important, (to Tim), that he would go so far to, (subtlety), ask us to take out the thirty minutes of our time above and beyond. So I quickly drew within my own mind and did a quick calculation and set an hour aside to read the article. While I could understand to the fullest the author’s intention, I could see, even, he doesn’t know exactly what’s around the corner regarding the crypto trade at large. Suffice to say, he was nervous and anxious about his own bank transfer wire coming through. Suffice to say, Tim also heeded the foreboding consequences that could await a crypto investor and took similar action.
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