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.
Quite a morning so far, right? My ceaseless declarations about crude oil are finally panning out marvelously. And as we look around, all the companies that should have NEVER gone public in the first place and on their way to zero. Like, oh, say, Robinhood……….
What do equity markets and Kim Kardashian have in common right now? They’re both trying to hammer out a meaningful bottom.
There are very few people on the planet more famous than CNBC’s Jim Cramer when it comes to financial media. He’s been around for decades (and, oddly, still looks exactly like he did thirty years ago), shouting out investment ideas and opinions to anyone who would listen. He is handsomely paid for this shouting, earning a healthy $5 million per year from his friends at CNBC.
I stumbled upon this item from late in 2020, in which he pulled together what he thought were the most powerful, profitable investment ideas for his viewers, and he dubbed them The Magnificent Seven (which, along with “The Good, The Bad, and the Ugly”, has got to be the most hackneyed, overused, tired, and lazy title to offer ANY particular subject). Here’s the handsome devil showing off his proud picks. (As an added humorous bonus, read the words at the bottom of the screen shot; I guess “ecosystem” is supposed to make him seem smart).
I have looked at literally millions of charts in my life, and with the exception of leveraged bear funds, I have seriously never seen a chart in my life that was as consistently a loser as HOOD:
I said it over and over and over again. Americans are too fat, lazy, and undisciplined to persistently:
I mean, good God, I practically have to pledge fellatio to get you cheap slobs to sign up for a Bronze account, which costs pennies a day!. Does anyone really expect that Peloton would be a thriving business? Not me! I’ve written about them literally dozens of times, such as this post where I suggested shorting the hell out of the thing when it was $137.
Well, the poo hit the proverbial plexiglass today, because Peloton announced – – – weak earnings? No. Slightly lower sales figures? No. Nope, they said they were HALTING PRODUCTION completely on the one product they sell. I assume this is because they probably have warehouses full of the goddamned thing.
(more…)In the early days of the Internet, there’s something that didn’t make sense to me. MySpace. More specifically, why MySpace was such an insane success. It was the hottest thing on the web, and it looked absolutely hideous. Gross. Horrible. Like garbage. And yet people still flocked to it. It was worth hundreds of millions of dollars, and it looked like a steaming pile of dog crap.
