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SPDR S&P 500 ETF Message Board

  • legofthebear legofthebear Mar 12, 2013 12:37 AM Flag

    Very low volume, new 52-week high, okay's why...

    Low volume often means bad news for stocks, however, it's different this time and here's why. Since 2008, many Pilgrims were flushed outta da market in panic raids, which reached a bottom on March, 9, 2009. Most of them there Pilgrims will never return and curse da day they ever invested in stocks.

    Anybody who held index stuff-like SPY-and didn't dump, made better than 10 year TB interest during da crash, plus buku cap gains, which probably weren't taxed. So, who's left, huh? Anybody? Okay, I'll tell yaz: Pilgrims who will never sell, institutions, swing traders and hedge funds who have been on da wrong side of this market for 4 years.

    Hey Dudes, who in their right mind would sell and be forced to pay cap gains when they probably have cash to avoid da taxman, huh?

    With few sellers and slightly more than a few buyers-supply & demand-Adam Smith told it like it is almost 400 years ago.

    I'm not exactly sure what % da retail hold till death market is, but, with few sellers left, stocks are better than GOLD.

    C Yaz - Da Bear Cares [CGDGE] ( I uppity Huge and wanna exit, BUT, no weigh I'm gonna help Bro Obama on da revenue side. Screw em, hold to death do ya part. )

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