Corporate insiders are dumping stock like mad to give everyone else a chance to make big gains.
Thank You, C-Suite!
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.
The D is for Dumb
I have a few well-known obsessions. One of them is an abiding puzzlement as to why Cathie D. Wood is ever permitted near a television camera. Indeed, cameras follow her wherever she goes to capture whatever blather she’s got to sputter. I wrote about the latest, her prediction for $2.3 million per Bitcoin, yesterday.
Silver Singularity mentioned the underperformance of ARKK, her main fund. I checked, and, yep, it’s awful. This is the ratio chart of ARKK versus the plain old boring QQQ. Think about it. If she’s so into disruptive tech, why on earth would the QQQ absolutely smoke her? Over the lifetime of ARKK, it has performed HALF as well as the QQQ. HALF!
No One Lasts That Long!
Sunday evening, Jerome “I’m here for the little people” Powell did a widely-promoted interview on 60 Minutes.
Cathie Has Undone Herself
Let’s cut straight to the chase. Cathie “it’s not a bubble” Wood has upped her insane $1 million Bitcoin target price to the batshit-insane level of $2.3 million.
What’s her reason for this? Is it just some crazy-ass number to get attention for a hopeless narcissist? Nope. She says if 20% of all investable assets are allocated to Bitcoin, that’s what the price will do.
