Saturday, October 25, 2014

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