Market Comments February 12, 2009 TSP Fund share prices as of: 02/11/09 Fund - G Fund F Fund C Fund S Fund I Fund 12.7743 12.5597 9.6652 11.4091 12.6559 $  Change - 0.0010 0.0328 0.0796 0.0544 0.1070 % Chg day - +0.01% +0.26% +0.83% +0.48% +0.85% % Chg wk - +0.08% +0.70% +1.13% +1.80% +0.80% % Chg mon - +0.08% +0.70% +1.13% +1.80% +0.80% % Chg 2009 - +0.26% -0.17% -7.37% -6.54% -11.22%   L2040 L2030 L2020 L2010 L Income 11.6546 11.8917 12.2401 13.5344 12.6075 $  Change - 0.0750 0.0675 0.0591 0.0335 0.0224 % Chg day - +0.65% +0.57% +0.49% +0.25% +0.18% % Chg wk - +1.07% +0.96% +0.82% +0.47% +0.36% % Chg mon - +1.07% +0.96% +0.82% +0.47% +0.36% % Chg 2009 - -6.68% -5.79% -4.81% -2.16% -1.38%

Today's Comments (Short Term Outlook)                             Printer  friendly

Quick update after uneventful day Stocks rebounded modestly yesterday on light volume after Tuesday's big sell-off. There was nothing impressive about it, yet the bears did fail to put the nail in the coffin. The S&P still looks ready to tumble, but the indicators are mixed.  Anything can happen, and this may sound extremely un-analytical and probably unprofessional, but there seems to be "something in the air".  I'm not sure what it is but I am staying cautious.  It could go either way, but I don't like the "feel" of things right now.  The futures are relatively flat as I write this Wednesday night, but I don't think today, or the rest of the week, will be very flat. I'm looking for a big move one way or the other.                     Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk JJust a quick follow up on some things we have been following recently: Gold is up nearly $50 in the last 2-days (something in the air?), while the dollar was also up, but near resistance.  How long can they both rally?    Oil dropped another $2 a barrel yesterday, or 5%.  It looks ready to break to new lows. Bonds rallied again yesterday, but closed well off of their highs. The market "leaders", the Nasdaq and Dow Transports, lagged the S&P 500 yesterday and the Transports were actually down 1.2% yesterday.  You can look back at this week's earlier commentary for more details, if any of this is new to you.  That's all for today.  Thanks for reading.  We'll see you tomorrow!