| Today's Comments (Short Term Outlook) |
|
Quick holiday update.
With most people in holiday mode I will make this a quick update. I apologize for the confusion with my transfer Friday. See Friday's comments with updates in the Prior Day's Market Comments section below, for more details. We had an upside surprise in the jobs report and as I have mentioned many times, when the market reacts positively to a big surprise (50,000 or more over estimates) the market is actually down 3, 10, and even 30 days later, more often than not. I will talk more about this tomorrow. My plan this week is to sell any bounce. Hopefully the bounce will last at least another day or two to give us time to make a move. Another push down looks likely and it will make for a more solid, tradable rally later. Still seeing the next 4 to 8 weeks as rocky with periods of rallies thrown in there. Because of the holiday, we can make transfers today but they will not be effective until Wednesday, even if you beat the deadline. Did you get a chance to read RevShark's Friday afternoon Around the Reef commentary? That's all for today. Currently 30% G, 70% I fund. Thanks for reading. Have questions? Visit our message board for answers.
Would you like to be on our
email alert
list?
We will send you an email when there is a change to our asset allocation
or market outlook. Input your email address in the form on the top
right of any page and you're in. Your email address will never be
given out.
Read our
privacy policy.
By signing up you agree to the TSP Talk
Terms of
Service. More details below **.
Like
what you're reading? Tell
a Friend
about us.
|