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S&P 500 Index ($SPX) & S&P 500 SPDRs (SPY) - Swift and Brutal
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ETFs
Posted on 02/05/10 at 12:54am by Sleibhin
I said it many times. When the S&P 500 Index (NYSE:$SPX) reverses the action would be SWIFT and BRUTAL. Likewise the ETF- the S&P 500 SPDRs (NYSE: SPY) mimicked the action. The $SPX lost 34.17 points to close at 1063.11 and the SPY lost 3.39 to close at 106.44 as no mercy was shown to the Bulls.
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