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Art Cashin: Nasdaq Leading Us Higher, And Investors Satisfied With That...
Art Cashin is still talking about "testing the lows" . In fact, he seems to be bemoaning that we haven't done that. It looks more likely that we'll retest those January highs. The NASDAQ has already recouped its losses. I think the Dow has 900 points to go from here. I have a list on my iPhone Stocks app which includes the S&P 500 and SPY, which is supposed to track it. Today the S&P was up 1.18% but SPY was only up 1.16%.
Comments
Regards,
Ted
I have a list on my iPhone Stocks app which includes the S&P 500 and SPY, which is supposed to track it. Today the S&P was up 1.18% but SPY was only up 1.16%.
Why doesn't SPY track the index exactly?
I came across this explanation of tracking errors...hope it helps.
etfbase.com/tracking-error-explained/
Regards,
Ted
http://www.morningstar.com/etfs/arcx/spy/quote.html
David