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Logan Corbin
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Learning how to interpret and analyze business data is provacative and lucrative, I have a passion for writing and sharing my unique interpretation of markets. My 10 years of personal investment experience and MBA education have given me the tools to effectively research companies and markets.... More
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  • SPY: Sequester... Read: Buying Opportunity 1 comment
    Feb 20, 2013 2:12 PM | about stocks: SPY

    Sentiment is turning bearish as many fear the market bull run has run out of gas. The S&P is down to 1525 from nearly 1531 at yesterday's close and after 7 straight weeks of gains for the index, it is understandable why many are taking profits now. I don't feel that the sequester will be the start of a correction but rather a nice broad dip for buying. It seems that earnings are slowing but as M&A, jobs, housing, employment, etc are showing some signs of life again I cannot justify anything more bearish than defensive options for the near to medium term. After this dip, I would not be surprised if another 7 weeks of strong gains ensued in the S&P and associated ETF the SPY as we inch closer to all-time highs for the S&P.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: sequester, macroconomics, politics Stocks: SPY
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    Comment (1) | Send Message
    Thanks for showing the larger picture. Puts in perspective.
    5 Mar 2013, 08:34 AM Reply Like
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