More steam
I'll make this quick since most of us are off and we can't make any transactions today.
Per TSP.gov:
The Thrift Savings Plan is closed on Friday, November 11, 2005, for Veterans Day. Therefore, share prices will not be updated and transactions will not be processed until the following business day.
So much for my "losing steam" talk yesterday. We saw a lot of steam. Obviously all of the indicators that were overbought either remained unchanged or moved even more into overbought territory.
We now have the herd getting overly bullish. The new AAII Investor Sentiment Survey showed 59% of those polled as being bullish. That's the highest reading since the early August top. The bears were down to 23%, the lowest since early August.
Chart provided courtesy of www.decisionpoint.com
That's all for today. Thanks to all our military personnel members for all you do to protect our country. Enjoy your holiday. Currently 100% G fund. Waiting for a better buying opportunity before getting back in the stock funds. Thanks for reading.
I'll make this quick since most of us are off and we can't make any transactions today.
Per TSP.gov:
The Thrift Savings Plan is closed on Friday, November 11, 2005, for Veterans Day. Therefore, share prices will not be updated and transactions will not be processed until the following business day.
So much for my "losing steam" talk yesterday. We saw a lot of steam. Obviously all of the indicators that were overbought either remained unchanged or moved even more into overbought territory.
We now have the herd getting overly bullish. The new AAII Investor Sentiment Survey showed 59% of those polled as being bullish. That's the highest reading since the early August top. The bears were down to 23%, the lowest since early August.
Chart provided courtesy of www.decisionpoint.com
That's all for today. Thanks to all our military personnel members for all you do to protect our country. Enjoy your holiday. Currently 100% G fund. Waiting for a better buying opportunity before getting back in the stock funds. Thanks for reading.
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