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Strategies & Market Trends : Shorting SPY for fun and profit. -- Ignore unavailable to you. Want to Upgrade?


To: Pancho Villa who wrote (92)11/11/1997 11:45:00 PM
From: studdog  Read Replies (1) | Respond to of 346
 
To all:
Sentiment on many of the threads I follow is palpably bad. Trying to be a contrarian, this would normally make me optimistic. But I feel it so strongly also that I cannot for the life of me find a reason to see the market go up. Many of the negatives I feared are coming to pass: Disk drive and memory chips blow up due to overcapacity, GM warning of the same, price slashing by boxmakers, downgrades due to asia exposure (i.e. CAT), continued ASIA and SA slide, whew!! I'm still hoping for just a little market correction to more sustainable levels (which appear lower all the time), but the fear of something worse is creepin in.

Karl



To: Pancho Villa who wrote (92)12/13/1997 8:55:00 PM
From: Bonnie Bear  Respond to of 346
 
Pancho, thread: I noticed that the dividend reinvest on my Rydex Ursa coincided with the high on the S&P, that is, at Schwab the dividends on the S&P index funds reinvested at the worst possible time when the stock prices were the highest. Coincidence? I went back a few months. Uh, same thing.
Anybody know if this is a regular event? If it is, it's real profitable for spy shorters -g-