This is rather exciting: yet another failure of a key trendline, this time for the high-yield bond fund.
Key Bond Break
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.
WeWork’s Catastrophic Fall
AMC Wipeout
One of the most persistently popular meme stocks is AMC, which is the money-losing theatre chain. This already had lost virtually all its value, but the chimpanzees in /wsb pushed the thing up a few weeks ago. Well, here’s another 50% wipeout for the “traders” (AKA 19 year old pizza-faced incels) and their silly security. Robinhood accounts…………..unite!
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Fad Fades Fast
As I’ve mentioned, rarely have I received as much flak as I did when I dared question the artificial intelligence lunacy. I have many reasons for doubting AI, but regardless of my reasons, the AI zealots are positively unhinged compared to the crypto freaks. So I learned to keep my mouth shut. In any case, it seems that my declarations that this thing was a public relations coup, and little else, are starting to bear fruit. You can fully expect this downtrend to accelerate.
SPAC Wipeout in 3-D
Just in case it wasn’t clear to the world what an utter scam and sham the entire SPAC fad was, here’s yet another example: Velo3D, which did the usual SPAC schtick of:
- Cruising along at $10;
- Finding a company to acquire and shooting higher;
- Spending the rest of time setting people’s money on fire
