Replies to post #186222 on SPDR S&P 500 (SPY)

[thunderbird2004]

Why would there be a hard and fast drop? The fed prolly won't raise rates until September at most, if at all this year. Oil won't drop to 15-20, it's basically stabilizing between 25-35. We have no clear risk of recession, so what would cause the hard and fast drop?

[spartex]

Thanks. Looks like the long trade is on today, and oil is SPY's friend. Hope to ride this up to 200 and change to exit my long position and seek safe shelter.