dmamaril

SPY - We Shouldn't Be Here

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Why are we at October '19 lows? What justification do we have to be here? I'd like to reiterate the wise words of Warren Buffett, "The stock market is a device for transferring money from the impatient to the patient." We have managed to rally just 16% away from the all time highs in an extremely short period of time. I'm going to wait for more short indicators to scream at my face before entering any short positions, but there's certainly a lot of greed flowing, therefore I'll remain fearful.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.