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SPDR S&P Retail ETF Message Board

  • pet726262 pet726262 Sep 22, 2008 6:36 PM Flag

    Up 3% in two hours

    Shorted today. This etf very diversified, with largest holding 2.47%. Sheer number of holdings means they didn't load up on low cost stores of necessity (Costco and Walmart) like other retail ETFs. Most of biggest holdings specialty retailers who will be hurt in a recession.

    What's your take?

43.30-0.48(-1.10%)6:30 PMEDT