Just about the only stocks in that didn’t roar higher on Wednesday are those that manufacturer mass-killing devices. It seems the military-industrial complex is hopping mad that we’re not heading into World War III.
Lords of War Getting Nuked
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.
A Rocket to Nowhere
Let us recount the preposterous journey of AMC Cinema in a single graphic. This was, of course, the darling of the /wallstreetbets lunatics. They seriously thought it was going to $5,000 per share because they were going to defeat the big, bad hedge funds. Suffice it to say that they have failed, and that a person who acquired AMC at its public offering nine full years ago would be sitting on a 0% gain now.
Beyond Permabull
Analysts get on my nerves, not only because they seem to have no idea what they are doing, but also because they are insanely well paid for it. The one I abuse the most these days (as does xTrends) is Marko Kolanovic, JP Morgan’s shill.
He has spent the entirety of 2022 talking about how the market is oversold and how it’s time to BTFD. He hasn’t been right even ONCE. He’s constantly on television talking about how the time to buy stocks is, oh, let’s say, right about NOW.
Ark Taking On Water
If you asked an everyday person to name a famous portfolio manager, I suspect one of the top people cited would be Cathie Wood, who for some reason captured the public imagination and become very famous (at least as far as fund managers are concerned).
GameStoppers Chopped to Pieces
It’s pretty damned sad, really. A bunch of young people with new investing accounts made a hero out of Roaring Kitty (AK DeepFuckingValue) who stumbled onto a fortune with GameStop. They wanted to be just like him. The only difference is that he bought GME at $5 and these hapless wanna-bees bought it in the hundreds of dollars. Account by account, they’re going to get zeroed out.
