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  • citydweller00 citydweller00 • Mar 17, 2010 9:47 AM Flag

    XRT has recovered back to early Oct. '07 levels

    XRT is back to where it was on October 8, 2007! Amazing to watch this thing shoot the moon with unemployment near 10% and with households reportedly maxed out on their credit and no longer able to access the "housing ATM" for purchases.

    What's fueling this thing? Short covering? People expecting an extremely strong economic recovery?

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    • steve.triggs steve.triggs • Mar 17, 2010 12:36 PM Flag

      Please note: XRT shares are not available for shorting and volume is very low.

      Big guys shorted and waiting and "investors" are buying.

      So when it drops it will drop as fast as it risen

    • luktrot luktrot • Mar 17, 2010 10:14 AM Flag

      Two things: Massive amounts of fiscal stimulus and pure speculation. People are buying it because it's going up and finding reasons to justify their purchases after they already making them. It's sort of like the impulse buys they make at the department stores of the companies in this ETF that are causing them to be in debt and the nation to go broke--rather ironic.

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