It was another wild ride for Wall Street during a holiday shortened week. On Tuesday stocks sold off sharply early, but a nice reversal helped turn a 300-point loss into a 100-point loss by the close. Wednesday saw a huge, nearly 300-point, follow-though rally, but things just went south again on Thursday and Friday. AfterRead… Read more »
09/06/11Stocks fell sharply on Friday after a very weak jobs report. As you may have heard, the report came in at -0- jobs created in August vs. an estimate of +70,000. By the close the Dow had lost 253-points, and based on the overnight futures, the selling does not appear to be over. For theRead… Read more »
From Monday 8/29 morning’s TSP Talk market commentary: Stocks opened sharply lower on Friday but investors seemed to find some positives from the Fed after the Ben Bernanke speech in Jackson Hole, WY. From Reuters on Ben Bernanke:“Although he said the Fed would consider what more it could do to boost growth — comments thatRead… Read more »
After Thursday’s 420-point bloodbath, stocks could not hold onto an early Friday rebound as the morning rally ran out of steam pretty quickly, and the Dow closed down another 173-points. For the TSP, the C-fund lost 1.50% on Friday, the S-fund dropped 1.73%, the I-fund fell 1.79%, and the F-fund (bonds) slipped 0.06%. For moreRead… Read more »
Hi everyone! I have been gone for a while because of problems with the blog editor. I am trying something new so, here it goes. I hope it works… 08/16/11 The recent large moves in the indices made yesterday’s 213-point gain in the Dow look small on the chart, but of course a 2% gainRead… Read more »
I may not be able to post here anymore. This editor is just impossible to work with. I hope you can read it because it won’t let me change the font… The breakout The S&P 500 started the week bumping up against the November high, and after testing that resistance level for a few daysRead… Read more »
Stocks seem to want to go higher After starting the week with some negative action, stocks rebounded strongly on Wednesday with the help of a positive ADP weekly employment report. The rally continued on Thursday and ironically, after a much weaker than expected November monthly jobs report, the market moved up again on Friday. ItRead… Read more »
Quick Weekly Wrap-up Thanksgiving week was a wild week for Wall Street as the light volume; news driven action led to some big swings. The results were mixed with small caps holding onto gains, and the international stocks being shaken by strength in the dollar after more economic concerns in Europe, and the North KoreanRead… Read more »
Seasonality becomes a big factor (I don’t know why this formats the way it does. Please bear with me. Thanks) Stocks started last week on a down note, continuing the pullback from the recent highs. But by the end of the week the market began to rebound and most of the stock indexes finished higherRead… Read more »
Buy the pullback or prepare for a correction? Stocks lost ground last week giving the TSP stock funds a little haircut after the big gains during the first week in November. For the week, the C-fund lost 2.10%, the S-fund fell 2.00%, and the I-fund gave up 2.30%. Bonds (F-fund) were also down losing 0.79%,Read… Read more »