SPDR S&P 500 (SPY)

[gumbie05]

From my post Yesterday on the T$IX Board but a good reference point for the SPYs....

FYI- what is the least likely scenario, Tomorrow, that most market watchers are NOT expecting?

Answer: that the "markets" trade UP going into the Fed Rate Hike tomorrow (Mon & Tues' rallies so far) and CONTINUE to do so right afterwards (just like ALL the previous Fed non- announcements when they did NOTHING)! After the smoke clears and the Dow is near 18K (again) and just when every pundit, in the financial media, says, "see, the Fed raised rates and the economy is strong enough to handle it so that must mean that the "markets" will make new highs and never look back- THAT's when you go SHORT (i.e. Buy the TVIX, VXX, SQQQ)! This is EXACTLY what happened in late 2007 and early 2000!
- JMHO