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  1. Fed, Global Central Banks to the Rescue

    by , 11-30-2011 at 05:44 PM (Coolhand's Market Analysis)
    While I chose to title this evening's blog with news of the coordinated central bank rescue of global money markets, it was not the only news item of the day. Although I think it's probably the biggest reason for today's massive advance.

    At the open, the market gapped higher and never looked back as buying pressure was sustained with an end-of-day short covering rally at the close, which easily allowed the major averages to close at or near their highs of the day. And those highs ...
  2. Tentative action

    by , 11-29-2011 at 10:14 PM (TSP Talk Blog)


    Stocks did not rollover after Monday's big rally, but the market did not exactly follow-through on it either. The Dow closed up 33-points after opening on the downside, and being as much as 100-points up two different times during that day.

    For the TSP, the C-fund gained 0.26% yesterday, the S-fund was down 0.08%, the I-fund was up ...
  3. Consumer Confidence Index Spikes

    by , 11-29-2011 at 05:03 PM (Coolhand's Market Analysis)
    Given how overbought we were after yesterday's advance, a pullback today would have been reasonable. And to some extent that's what we got, although the major averages were mixed overall with the DOW and S&P 500 both up by 0.28% and 0.22% respectively, while the Nasdaq shed 0.47%. That's an encouraging sign in the short term for the bulls, but the S&P didn't close above its 50 day moving average, so it may be a bit premature to celebrate.

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    Updated 11-29-2011 at 05:40 PM by coolhand

  4. There's the post-holiday reversal

    by , 11-28-2011 at 08:29 PM (TSP Talk Blog)
    Stocks rallied strongly yesterday as we saw 3% to 4% gains across the board, but the bond market didn't rejoice and that may be a problem. The Dow gained 291-points on the day.

    For the TSP, the C-fund gained 2.94% yesterday, the S-fund was up 3.89%, the I-fund jumped 4.20%, and the F-fund (bonds) gained 0.14% (corrected).

    As we ...
  5. Buyers Pile In

    by , 11-28-2011 at 05:49 PM (Coolhand's Market Analysis)
    After defying the historical odds for a rally pre and post-holiday, the market stayed true to form by reversing its course to begin the new week. And as usual, the retracement was fast and deep.

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    Market strength began overseas, where word of a new eurozone fiscal pact was making headlines. The pact could make financial agreements legally binding and enforceable. There was also reports that the IMF is putting together a financial lending ...
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