Replies to post #317599 on SPDR S&P 500 (SPY)

[Wishthiswasmyjob]

It isn't so much a scenario of
Who wants to be in the game, but
Who must be in the game, as in pension plans, annuities, 401k's....
SUCH A Long, LONG LIST of money tied to the performance of the top 500 companies.

To bring them back to "proper valuations" would shave 30+% off the market.

This is a Ponzi scheme created over the past 25 years, and it's been especially
Built higher over the past 4 - 5 years.
And sorry, I know that you know this already.

And again, I make the mistake of looking at the "reality noises" and expect the
Stocks to have a good correlation. Silly, Wishy, Billy gumdrops...

Back to actually, gonna watch XOP here - see how strong it seems...
IMHO, it's one of the better short opportunity plays for dropping during the next month.
No way it deserves to be at 60, and 45 or below is closer to reality.
$WTIC And DBO are used as guides and I actually see a H&S in
The charts, in this sector, with us currently at the top of the last shoulder.