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Monday, August 25, 2014

SPY Breaks 200 - S&P500 breaks 2,000

Today for the first time ever, the S&P500 traded above 2,000.  SPY, the exchange traded fund (ETF) for the S&P500 also traded above 200 for the first time ever.
While the S&P500 index fund has been the largest individual mutual fund holding in my core portfolios since I started recommending them, I first recommended SPY in free articles at Seeking Alpha in early 2011.

Feb 13, 2011 How to Play Expected Inflation From the TIPS Spread
Personally, I own a very small amount of gold hidden in the house for bribes if we see Armageddon but I own "treasury inflation protected securities" (TIPS) mutual funds (like the ETF TIP or managed funds FINPX, VIPSX) and Series I-Bonds as well as individual TIPS. I also believe it is a good time to own equities including SPY, the exchange traded fund for the S&P500, for both inflation protection and income. 
Feb 7 Dow-Gold Ratio Now at Strong Resistance, Will It Break Higher or Lower?
I also believe it is a good time to own equities including SPY, the exchange traded fund for the S&P500, for both inflation protection and income.
Congratulations to all who are long the stock market!


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