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SPDR S&P 500 ETF Message Board

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  • fed_up_c_ws fed_up_c_ws Aug 3, 2012 3:21 PM Flag

    nobody will short this market

    But what are you banking on, no pun intended. This economy sucks, there are no earnings, we are headed into another recession. Forget the jobs report today, no increase in hours worked, wages, unemployment UP, it was just summer jobs, teenagers hired to fill in for vacationers. The number was pathetic anyway. How are prices going up in this environment? Multiple expansion due to inflation???

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    • by the end of this year, in the past 24 months, C will have earned over $20,000,000,000.00 in PROFITs..... While the stock sits substantially lower and about 1/2 tangible BV.

      So the stock could trade in the 40's and just be making up for lost ground.....

      What I'm really banking is the "bubble" of the risk off correlation trade and how unusual the valuations have gotten on both sides of the trade as the herd just follows....

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