I was curious what day the geniuses at Standard and Poors decided to add SMCI to the hallowed halls of the S&P 500. In the five months since then, it has lost almost 70% of its value. So, umm, yeah, good work, you numb-nuts.
The Curse of the $SPX
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.
Tesla on the Outs
Remember a few years back when TSLA was all anyone cared about, and it established Cathie D. Wood as the greatest investor ever? Yeah, well, that’s all changed now. No one really cares. It’s all about NVDA now. And, three years hence, I’m sure there will be another obsessed, like KittyLitter.com or something.
Does Toothpaste Cure Cancer?
Want to see just how stupid the stock market has become? Look at Colgate. It has gone absolutely crazy. They make freakin’ toothpaste, people. Their P/E should be 5 or so. What is it instead? Over 30. Thus, a toothpaste and soap company is being valued like a biotech firm on the verge of curing cancer.
Even the Bears are Bullish
I read as much as I can, and I’m fairly familiar with regular contributors at the sites I visit. There’s one chap, Graham Summers, who has an outfit called Phoenix Capital Research. He has a well-earned reputation on Zerohedge for being apocalyptically bearish. He makes me look positively even-tempered in comparison. Most recently, however, there’s been a 180 degree change.
A Terror-fying Map!
