Tuesday, July 28, 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
InTheMoneyStocks.com



[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=8a289d5ebadbfe5a44c2767c3b42e6d4b04c0c1ea407d8f8f65bed098eefc3e7cc166d759c5b77dc38b06d8cd2779a41f58b7f0f73184ebc888e782d9e4440e71e5bd471eecb2780350a54cf4f58fa6b27fe407b5bb5962f7996f234e17603a4996250c9a5bdf9d1736a70b0bdcf6a9fa5b4f1719708c89042897dc8a9269598e810c98134e2d546cf61988d840e680a6f9d624517e3a83bf25c1f69e17ada66e9e11d1c03c8f78aa02bf669c8ceebfa399879b91f62fabc572eda7b0eadbfd15653432034b8d23f9cc7d7508ec227eed6253f023f1295428a4d033096f921d70af93d8a940b043ad1ba542efabe776a8bddd60a0c6ad43248767bdb86079907d26332e1a4f693f08b303af0c19afbea5454f4dc7d8b52504c70b0a812db1e51c0e357ce86071be104f1672e43e4030eb14d168760f9f3090b499eb416275c9de34cd361d581d56f6ab05fa7eccd6a78bee6eb4ade281e2128f9823958656c06de6894b6269bc0710bc3c5316a9b2f138d815816e1c2e6616ed32c1d25a99c18e339702fbd296641c0eca262165a94b1c38f1bc059ee48b7ccf28dfdc0a8b57bb64f61b11cb7df35c4e1bda5a1cdc77d949614af0c550fa5606e6087c9c98bafbcc5b4d73f5c41116950973f25f6e28b7d9affc2f8bd8ffda8bbf1569ed7cdad6af02c912a2529b8b3d5934d77db63d096af661ca65f5125a65f50dd[[T_F]]

More on this topic (What's this?)
Family Office Jobs
Dow and FTSE100 Stock Market Updates
15 things that I trust more than Hillary Clinton...
QTS to buy Carpathia
Read more on Trust, SPDR S&P 500 ETF, Saita Corp at Wikinvest


| 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

ADVERTISEMENT

BUSINESS NETWORKS

The New York Times logo CNN logo ABC logo CNBC logo