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It was another positive day for stocks on Friday, despite Standard and Poor's downgrade of Spain's credit rating. The Dow did finish off of the highs, but held onto a 24-point gain.
For the TSP, the C-fund gained 0.24% on Friday, the S-fund was up 0.63%, the I-fund made 0.60%, and the F-fund (bonds) gained 0.08%.
Updated 04-30-2012 at 10:12 AM by tsptalk
(seasonality chart added, H&S corrected)
Last week, the Total Tracker revealed a modest dip in stock allocations (less than 3.5%), but sentiment was much more bearish as reported by our sentiment survey. That bearish sentiment helped stocks tack on significant gains for the week.
This week, the Total Tracker shows more profit taking as total stock allocations dropped again. Bullish levels rose and bearish levels dropped in this week's sentiment survey, which keeps the sentiment survey in a hold (buy) condition.
By Jack B. Winn
Teachers, firefighters, engineers and federal bureaucrats may be staring down the barrel of a loaded gun as budgets are slashed and jobs are eliminated, but one sector of government employees is enjoying significant growth: social media directors.
According to Government Technology, from Gracie Mansion to 1600 Pennsylvania Avenue, young digital natives are being hired by governments
The stock market got off to a slow start last week, but by Wednesday morning, after Apple had reported its strong earnings, the indices caught fire closing in positive territory for the second week in a row after the early April pullback.
It was all green for the TSP funds for the 2nd week in a row. The C-fund gained 1.83% last week, the S-fund was up 2.34%, the I-fund made 0.92%,
Stocks rallied again yesterday after more decent earnings reports, and despite more concerns from the jobs market. The Dow gained 114-points and the gains were spread out through most of the major indices, except for the Transportation Index which was actually down 1.1% on the day.
For the TSP, the C-fund gained 0.67% yesterday, the S-fund was up