"A fool & his money were lucky enough to find each other in the first place" - Todd Harrison
TBT is a 200% leveraged ETF that is supposed to deliver twice the daily price performance when Treasuries (as defined by the TLT 20 Yr ETF) are declining. Instead it is a certificate of confiscation designed to separate you from your money. When Doug Kass and others recommend this as a position trade in anything other than a day trade - Run, do not walk away. Instead just trade the 30 Yr future or the Ultra for crack addicts - you know who you are.
Here are 4 recent examples (actually 3) of why
investing gambling in TBT is a supremely foolish idea.
TBT Certificate of Confiscation