Microsoft, as a $4 trillion+ company, was considered invincible. Led by their indecipherable CEO, they were seen as a giant for the ages. Well, times have changed. In the span of merely four months, they have lost 30% (!!!!!!!!) of their value, destroying $1 trillion in shareholder wealth.
Importantly, the stock even breached a major gap (see arrow), illustrating that the only thing holding this thing up is hope and vaporware.
Today is going GREAT for me. In spite of the permabullish website Zerohedge harping on and on about how everyone should BUY software since it’s been so battered, the entire sector is still getting glassed. I’ve got options that are up 40% today alone based on this. Importantly, the Dow 30 – – which Pam Witchy-Poo Bondi destroyed with her own screechings just ten days ago – – has shattered its trendline. Bombs away!
Having spent most of the night awake and working on Slope, I am nearly ecstatic to report that, well more than an hour before the opening bell, we appeared to have the necessary breakthrough. Not to jinx it, but I believe we are good-to-go!! I shall now turn my attention to my portfolio, which appears to be off to a simple fantastic start to the day. Good luck out there, and I hope Slope goes smoothly for you all.
Good morning (more or less) to everyone. I’ve been up much of the night trying to deal with a fairly severe network issue which has hobbled many of the tools (particularly SlopeCharts) on my beloved site (Substack readers are NOT affected).
Those of you on mobile are doing just fine, but otherwise, please read this quick post from Sunday to see what’s going on. It could be a number of hours (not days, hopefully, but you never know) before things are good again, and I promise to do a post to let you know when things are solid.
In between tech support calls, I’ve been checking the overnight action. Bitcoin has undone a big chunk of the exciting plunge it had earlier, although it is still down quadruple digits.
First off, if Slope is acting odd for you, please read the prior post.
More substantively, as I stand here Sunday night, the markets are roiling. I’m not sure if it was Trump’s 50% boost to the tariffs he established only on Friday, or the Iran situation, or just a crazy-overvalued market ,but equities are down nearly 1% across the board (as of now, at least; you know how these things can turn).
