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.
Triple-bearish on emerging markets ETF……….this is a pretty impressive breakout.
As I indicated in my last post, I have decided to switch to 1st Gear in my own portfolio, taking on very little risk. Between the Euro and QE3, I really demand that these items move out of the way before I get seriously exposed again. (Side note: if the market goes straight to hell, you can expect to hear no small amount of whining from me). But, seriously, risk management is a big part of the equation, and I have cranked it way, way down.
For those at the opposite end of the spectrum, there always remains this chart…..
I must say, many of the individual financial issues (GS, BAC, JPM, etc.) look so horribly sold-off that it seems not out of the question that a powerful rally could ensue. Below is the ETF for financial stocks. If it gets its footing, it could be in for a nearly 20% push higher from current levels.
Of course, the market has so many cross-currents right now, the above could just as easily break support at 12 and plunge to God-knows-where.
For myself, I am so disgusted and jerked-around by the Euro obsession and the looming Fed news next week that I have trimmed back my portfolio risk to a bare minimum. This environment is simply too schitzo for me to feel comfortable with any meaningful amount of risk.