On a percentage basis, this is my second-best performing short (second only to EZPW). I’m just crazy about this analog. I can see much, much lower prices ahead.
I’m going to do a super-lazy post and show you an article that came out today in the Palo Alto Weekly about my House Safari product (which is distinct from my SocialTrade VR product; yes, I have been busy recently). Click on the image for a readable version……….
I’ll be the first to admit, if you asked me Tuesday, I’d say the odds of this were about zero. I’m still stunned how crazy it was here last night. Nearly 4,000 comments and only one guy who sort of went off the rails. I thought the bears would cash in big today, but, Brexit […]
As the VIX got pounded back into the sub-teens today, it occurred to me to compare the present activity to the period preceding the financial crisis. What I found was interesting. The chart below (click it for a much bigger version) shows 2003-2007 on the top and recent history on the bottom. You may notice […]
It’s a pretty quiet morning, except for the 3,893th rumor about some kind of OPEC agreement (which, again, was dismissed). Glancing at small cap equities, it’s startling how swiftly they undid the damage from two Fridays ago (tinted below): Of more interest to me is the somewhat larger picture. Although the parallel is far from perfect, […]
I am constantly picking on Pier One here on Slope (here’s a specific one), and with good reason – – I think it’s heading for another collapse, just like it did during the financial crisis (when scented candles and useless imported trinkets fell out of favor). I think we’ve got a long way to go […]
OK, I’ll say it: this market is officially pissing me off. I know, I know. “Trade what you see before you.” I won’t comment on that advice. I’ll simply point out the following very simple facts: The Internet bubble that peaked in early 2000 was clean and simple. The break happened, it retraced, and it […]