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.

Exxxxxcellent

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I am absolutely THRILLED about how today went. Let me recount my day for you, to set the stage:

  • As you know, a few days ago, I slipped off my well-worn bear suit and went bullish;
  • Therefore, I had gone long GUSH (triple-bullish on energy companies), FAS (triple-bullish on financials) and very, very short on bonds (by way of a TLT short and long TLT puts).
  • Today’s opening absolutely sucked for me. My short bond position created a 0.5% loss in my overall portfolio. I dumped it at a loss.
  • I vacillated quite a lot about shorting today. I covered my 4 shorts. Then I entered a few more. Then I finally just threw my hands up and covered everything and re-shorted a huge TLT position.
  • I also did some day trading in SPY (profitably).
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Fuhgetaboutit

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I’m out. I’m done. I’m flat.

Well, almost. I decided to quit messing around with ANY remaining shorts since I keep stating how deeply oversold things remain. Why have shorts just for the sake of getting stopped out?

Thus, for the first time in years, I have one and only one position: a short in TLT. So if the market wants to break my heart, it would be a good time to crash right about now. Because I am only short bonds.

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