Sunday, April 19, 2015

SPDR S&P 500 ETF Trust Bulls Will Party To 1999

It seems like a lifetime ago when the markets were in a state of panic and despair. We all remember the historic market crash of 2008, when bulls of the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) were running for the hills and no one wanted to go long again. After weeks and months of red on the ticker, the markets, and S&P 500 in particular found a low of 666.79 in March 2009 Since that low was put in the markets have been on a steady rise higher.

The S&P 500 had such a tremendous climb, that it managed to gain an astonishing 105% (704 points) in just 3 years! That is pretty incredible for any individual stock to accomplish such a feat, but for an index to do that, is almost unheard of. After the bulls of the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) were up triple digits in percentage terms, that is when the S&P 500 suffered a viscous and much needed correction; declining 21.5% (296 points) from 1370.58 to a low of 1074.77 on October 4, 2011.

Since that October low the S&P 500 has been back on the steady path higher. It blew past the October 2007 high of 1576.09 and seems to be making new all time highs on a daily basis. The S&P 500 seems to have the 2000 level in its cross hairs. In fact if the market keeps climbing to 2000.37 to be exact, it will be up 200% from the lows in March 2009. What I find interesting is that the S&P 500 is nearing the second century of gains in percentage terms. If this feat is attained, we might be in store for a much needed correction, kind of like the one we received in the summer of 2011. With that being said, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) bulls appear ready to party all the way to 1999.

Parm Mann

[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=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[[T_F]]

| More

Random Posts

1 Response for “SPDR S&P 500 ETF Trust Bulls Will Party To 1999”

  1. Tabish khan says:

    Well described post on stock markets in recent years the graphical representation is easy to understand i liked it the most because its clarifying the data pretty well. thanks for sharing the post keep updating us.

Leave a Reply

Back to Top

Social Media Profiles



The New York Times logo CNN logo ABC logo CNBC logo