Okay, there's a better stock to play the market going up than the one I am going to give you today. However, THAT stock hasnt passed my litmus test just yet. In the meantime, we will settle for the "mini" Monkeybusinessblog.com BUY signal!!
Yeah, you read that right. I know. I know. It coincides with the 1st real trading day of 2009. But that's not why I picked it. It might just be a coincidence. Oh and if you notice the market is down today. Good. Lets us get in cheaper. Now we are going to tell you to buy this but in these crazy times we are NOT going to tell you to lock it up and throw away the key. Oh no. In these times, you must be nimble and play the game of hot potato (or hot stock). So we will give you the ticker and then pay attention to when we tell you to sell........
The stock ticker is SPY. It's also known as the "SPDRs" or "Spiders". It is basically 1/10th of the S+P 500. It is also one of the most liquid stocks on earth. Which is also important in these times. So you are buying one stock yes but it happens to cover the entire S+P 500, or the biggest 500 stocks in the country. Happy, Happy New Year!
Enjoy the purchase, just dont fall in love with it. Remeber I will be recommending an even better way to profit from the market going up in due time. Stay tuned.
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