Megacap semiconductor maker Intel (INTC) is down a double-digit percentage. In a normal market, this would mean an overall market crash, but, meh……….
Morning Meltdowns
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.
Raindrops and the Ocean
It only took the sight of one dead bee to make me realize there is no heaven.
Perhaps an explanation is in order.
As some of you know, I swim each afternoon. Considering the pressure cooker that my brain feels like over the course of the trading day, my swim is a relaxing, soul-restoring, and delightfully repetitive meditation of waves, ripples, and rhythm.
As my pool is near both of my bee hives, I invariably will spot a honeybee or two in the water. More often than not, they will still be alive, and I always get them out of the water swiftly. I’ve learned to be judicious in how I handle them, typically cupping both my hands to make a deep little pool so that they don’t sting me. I’ll get them out of the water, gently flip them upright with my index finger, and watch them for a few moments as they buzz their wings dry and zip away back to their duties. I’m the same way with spiders in the house. They always get safe passage to the outdoors.
(more…)Broadening
It has been discouraging, to say the least. The small caps have exploded 8% higher since Friday based on………..what?………the promise of yet another miracle cure? Covid ain’t the problem, folks. The economy is rotten to the core, but self-delusion is as popular as disco was in 1977. This is mass hypnosis gone berserk.
The Cure Paradox
As you’ve no doubt learned, the market is all abuzz this evening about yet another miracle cure. We get these every week or so. Sometimes it’s Gilead. Sometime it’s Novavax. This time, as has happened a number of times before, it’s Moderna. Maybe someone rolls a die to see whose turn it is.
Wrong!
As I’ve mentioned, I’ve ceased my habit of checking out the “weekend betting” site to see what the markets are doing, because it’s just useless, wrong, and a waste of time. I haven’t even peeked in weeks. I did look, however, at the actual market when the Globex opened, and after the gap down, all of the predictable, boring, and unfunny “it’ll be green by the open” comments tumbled in. I just had to say something.
