Tag Archives: spy

“Hold the line!!” – SPY

It was November 30, 2011, when the world's Central Banks united to ease strains on the global financial system. This move marked the end of a very turbulent summer and fall, where markets fell across the globe on fears of a Eurozone debt crisis.

Seven months later, we find ourselves in a similar situation. You know how the saying goes, "Those who don't learn from history, are doomed to repeat it". Will it be the bears who were taken to the woodshed betting on governments to sit on their hands? Or will it be the bulls, betting on more intervention?

Where will folks put their money with treasuries at all-time lows and negative Bond yields. Silver? Gold? The Dollar? It's almost like governments are forcing folks into equities. Time will tell, but I will continue to be a short term bull into we close under $127.90 on the SPY.