Playing the S&P Above 1,000

" On the S&P 500 surging above 1000. Again as the recent market rally pushed that index through what was perceived to be an important psychological barriers that -- going back. The past week here there we where with that big move on Thursday. And here we are today down three point how do you play the smile on -- traded -- joining us -- editor. --"

" That's right well -- the granddaddy of the ATF says the S&P 500 spider back in 1993 started. What it's cap weighted heavily weighted to large caps Rydex has an equal weight S&P 500. RSP. Which again during. Appears when we're coming not a recessionary times small and mid cap stocks can do better so where these -- up 50% off that march ninth below. The RSP is up actually 71%. Of that period to today -- go about it well you're taking more risks but we've seen that the small midcap stocks continued out of a form a large -- Over the last ten years I think with ETFs this. Especially today he can really pick your spot so it's nice to have balance between all asset classes. "

" Using DD TFs right now we're hearing that ETF assets are hitting all time high. Lot of folks talking about the fast money using them as trading mechanisms are they safe still for the average investor."

" They are Rebecca because they -- they represented the underlying holdings -- in the S&P they represented those. 500 stocks but they'll be some more. Specific like single country or commodities that have. Gotten some attention obviously leveraged and inverse ETF have gotten some attention to. But the bottom line is ETF's across the border doing what they're supposed to do. They have a tremendous amount of liquidity for very small price compared to mutual fund."

" We should point out yeah yeah you can you bring up the liquidity issue on -- look at ETS that have a lot of training going on them rather than ones that. Are less they clear more thinly traded how about what you want to dive down into a sector in particular what are some ideas you have."

" Well some of the most set off of the slow most recently has been industrials materials energy but again I have to -- Oddities don't always court latest we know with the general markets but some of these areas energy commodities the big boom in the emerging markets. It really boosted the stocks in the underlying holdings so. Be aware I think the key is. So it's were above the 200 day average and the S&P them. For the first time in a year and a half. Use that is may be. Exit strategy if we happen to go below and -- putting money in now that might be the time to pulled one very good Tom thank legacy."