So I watch the stock market everyday
and I have some shares in SPY with is an exchange traded fund based on the S & P 500. The S & P 500 is a exchange of the 500 largest stocks in the USA. So watching that stock tells me how the market is doing.
These past two weeks the stock market has been in a good mood.
Always going up. So I hedged by SPY with a stock that shorts the S & P 500 called SH. That basically means if the S & P 500 stocks start dropping my share in SH with increase. I know the market will drop soon. I just don't know when and how much. I thought we might have some stock watchers on this board.
I'm thinking of selling my SPY since I have a nice gain and it's seems to be at a high. Then holding my SH for when the stock market falls on it's butt.
What do you guys think?
Is the stock market at a high?
Do you think it will fall soon?
Don't worry I won't get mad if you're wrong. Everyone's wrong about stocks at some point.
I just like chatting about it and my hubby always looks confused and bored when I talk stock market.
BTW this is not a political thread it's a financial one
. Please stay on topic. Thank you.