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Stocks pulled back yesterday making it 5 of the last 7-days that they have closed in negative territory. After being down over 120-points, the Dow did make a comeback effort late in the day but still lost 72-points.
For the TSP, the C-fund was down 0.47% yesterday, the S-fund fell 0.57%, the I-fund lost 0.76%, and the F-fund (bonds) slipped
Stocks tried to add onto Monday's big gains yesterday, and they hung on pretty well most of the day, but a late decline took the indices into the red by the close. The Dow lost 44-points.
For the TSP, the C-fund was down 0.27% yesterday, the S-fund fell 0.58%, the I-fund lost 0.30%, and the F-fund (bonds) gained 0.22%.
Stocks rallied sharply yesterday after Ben Bernanke stated that he is committed to low interest rates low in an effort to keep the jobs market growing. The Dow gained 161-points.
For the TSP, the C-fund was up 1.40% yesterday, the S-fund gained 1.61%, the I-fund made 1.40%, and the F-fund (bonds) added 0.02%.
So how can
Stocks moved moderately higher on Friday as the Dow gained 35-points and the S&P and Nasdaq saw similar modest gains. There was some concern over weak housing data plus we are now heading into earnings warning season.
For the TSP, the C-fund was up 0.31% yesterday, the S-fund gained 0.78%, the I-fund made 0.20%, and the F-fund (bonds) added 0.13%.
First, I'd like to thank everyone for your support. It means a lot to me knowing I have many friends out there. This blog has been a tremendous learning experience for me and certainly not one I'd call easy so your expression of support was very meaningful.
Let's take a look at this week's tracker charts.
The Top 50 shows a dip of -6% in stock allocations going into the new week for