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.

CYH Affected by THC

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I was pleased to see one of my short positions, Community Health, losing value after hours after it announced its acquisition of Tenet Healthcare, owner of one of the funniest ticker symbols around – THC. I find it rather amusing a health firm would actually use that as their symbol (unless they are in the medical marijuana business).


On a different note, I see there was a lot of excitement about Pimco raising their estimates for the U.S. economy due to "massive stimulus" (they are referring to the government giveaways that Obama recently wimped out about). It's good to know that a completely impartial party like a firm running the world's biggest bond fund is considered the oracle as to what the economy is going to be doing. It's not like they have a stake in it, is there?

Interesting Chart of Russell Ultra-Bull

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I noticed something kind of interesting this morning about the ultra-bull ETF for the Russell 2000. Take note of the horizontal line I've drawn, along with the touch-points. Before the crash (Tim's eyes grow misty and wistful..…..) UWM kept hitting this line, until it finally broke through gloriously on October 2, 2008.

Since the bottom, it climbed 300%, peaking on April 26, 2010 before slipping in a sustained downturn (remember those?). It has since clawed its way back up to this same line.

It seems accepted as gospel that stocks will never go down for more than one day again in our lifetimes, but I think this chart is worth noting.



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