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.
Last week, GOOGL had blowout earnings that compelled everyone to fall all over each other and buy as much of the stock as they could afford. How’d that work out for you fellas? The entire move was utterly undone, and then some, as the stock is actually below the level before the earnings were even announced. The world is pushing on a string at this point. Even killer fundamentals won’t help.
Well, there goes another Green New Deal Tesla wannabe: Canoo, Inc. (GOEV) looks pretty much done-for, having fallen from $572 to 40 cents.
The big news after the close on Friday was that the most exciting company on the planet (Nvidia) and the least exciting (Sherwin Williams Paints) were going to be added to the Dow 30 Industrial Average, which is far and away the most prestigious honor any public company can have. The Dow is to the Oscars what the S&P 500 is to the People’s Choice Awards. It’s a big, big deal.
And how much did NVDA explode higher this morning? 20%? 30%?
Neither. It went up precisely Dick% because the company is so laughably overvalued that even this amazing news couldn’t budge it.
Before we get to earnings, today is the 10th anniversary of the formation of ArkInvest whose famous leader, Cathie D. Wood, appears in the media 365 days a year. Why? Because she had a really good 2021. That’s why.
Over that decade, here’s how ARKK has performed versus the plain old boring simple QQQ. Simply stated, it has vastly, vastly, VASTLY under-performed………..well…………everything. Which, again, is why Ms. Wood can appear on national television any time she wants.
