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Strategies & Market Trends : Investing during a Bear Market
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To: CRICKET who wrote (46)11/9/1997 1:41:00 PM
From: Tommaso  Read Replies (1) of 226
 
No doubt someone has already explained--but I am looking at new messages.

SPY is the American Stock Exchange symbol for what some people call "spiders," which are depository receipts that replicate the S&P 500 Index, including paying dividends. It's a way in effect of buying the index. Or you can sell the index short using SPY--except lately some people report problems with getting brokers to borrow the SPY receipts for shorting.
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