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.

Bulls and Bears, Losers All

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This pair of charts kind of encapsulates 2011 in a nutshell.

Very bearish folks might want bought ultra-bearish TWM at the beginning of the year. They are staring at a loss of over 20% now, in spite of some very hopeful moments.


So the bulls have had a great year, then, right? Not so fast. Here's UWM, the ultra BULLISH instrument, and the mirror image of TWM, with a similarly nasty loss.


So this proves leveraged ETFs are for suckers, right? Well, not necessarily. In a market with any decent trends, they can work well. But the above two charts sum up how getting jerked back and forth is especially devastating to such instruments.