Xmas Massacre followed by New Year Massacre?

SPY In 1 Month

  • +7%

    Votes: 11 11.6%

  • +5%

    Votes: 13 13.7%

  • +3%

    Votes: 12 12.6%

  • flat

    Votes: 16 16.8%

  • -3%

    Votes: 11 11.6%

  • -5%

    Votes: 8 8.4%

  • -7%

    Votes: 24 25.3%
  • Total voters
    95
Quote from S2007S:

WTF,


why the sell off these last 10 minutes.


:p :eek: :p :eek:
More...


No idea, maybe taking a bit of money off the table before the big one tomorrow?? - but it retraced pretty quick. Still a lot of buyers out there......
 
QUIZ:
1. you are a hedge fund manager
2. you are expecting the market to go +10% for 2010
3. after 4 days of the year SPY +2.5% YTD
4. why would not you sell now and wait for a good re-entry in the following 246 days?
 
Quote from shortie:

QUIZ:
1. you are a hedge fund manager
2. you are expecting the market to go +10% for 2010
3. after 4 days of the year SPY +2.5% YTD
4. why would not you sell now and wait for a good re-entry in the following 246 days?
More...

In case you a) miss further gains, or b) mis-time your re-entry.
 
Quote from shortie:

QUIZ:
1. you are a hedge fund manager
2. you are expecting the market to go +10% for 2010
3. after 4 days of the year SPY +2.5% YTD
4. why would not you sell now and wait for a good re-entry in the following 246 days?
More...

SPY -2% YTD, so the correct path was to lock in those quick gains IMHO.

:)
 
Quote from andrewbee:

In case you a) miss further gains, or b) mis-time your re-entry.
More...

Much more important to protect your account than it is to worry about further possible gains, refer back to the mathematics of investing for clarification! Think strategically!

Best Regards

Johno
 
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