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Strategies & Market Trends : Investing during a Bear Market -- Ignore unavailable to you. Want to Upgrade?

To: CRICKET who wrote (46)11/9/1997 12:44:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 226
 
CRICKET: welcome, SPY are stabdard and poor securities (1/10 of the SP%)) face value) it trades like a stock and is backed by a balanced pool of the 500 companies in the index. You need not play the futures or buy a index fund you buy the SPY. Oh, some here like to short the SPY during these panicky times and you can do it if some is loanable.

Zeev



To: CRICKET who wrote (46)11/9/1997 1:41:00 PM
From: Tommaso  Read Replies (1) | Respond to 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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