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SPDR S&P 500 ETF Message Board

  • buda8901 buda8901 Feb 12, 2013 10:09 AM Flag

    How about a pullback to 146 ?

    Seems to me a nice level for a mild pullback and a good entry point.

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    • I have gotten very weary of buying back my short calls and rolling to higher strikes but I am now thinking of going long and of course once I do then the sell-off should be near

    • I can't understand any of the comments here. (1) The Fed running out of money? That is impossible since they print and own all the money. They can destroy the financial system, but they can never actually run out of money. (2) If people (retailers) were buying every dip the market would tank--retailers represent a who's who of NOBODIES. If you think markets go up because "people" are buying, then you have no clue.. a tiny fraction of entities DICTATE market direction, and it is 100% of the time AGAINST the "dumb money", which just refers to "the general public that does not have physical control over the price the ticker symbol prints on the screen".

      (3) Economy recovering? On what planet? Economy is artificially propped up by fake Fed money, and if the Fed doesn't ultimately take back what they have given freely, they have no way of profiting, and even worse they will crash the financial system, which they likely are not going to do. The market will TANK before the economy actually recovers.

      We will get a pullback here soon, but it will be a fake, and it's back up and off to the moon. The real market collapse is at minimum, 1 month off.

      • 1 Reply to imuffin4
      • Couldn't agree more...pullback to around 147.5 and then snapback recovery to "convince the people" that the market has strength. Gotta let them see the test and suck all the chasers back in.

        Do a comparative graph for the last 10 years of the Dow vs ^TNX (10 year bond Yield) and look at how truly overvalued this market is. Cheap is not a word that applies.

        Sentiment: Strong Sell

    • Nope. Can't happen. The economy is recovering too fast.

      Sentiment: Strong Buy

    • No can do...Fed buying S&P500 equities directly. The negative GDP number called for direct intervention from Fed, Bernake is now a stock investor as well as a bond investor.....before we can correct the Fed has to run out of money, and since the Treasury is depositing a set of 10 commemorative trillion dollar coins, he still has plenty of powder to prop this pig.


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