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Stocks rallied again yesterday and ironically, this type of straight up action can be nerve wracking for both the bulls and the bears. The Dow gained 63-points and things got better after the close.
Stocks were flat to modestly higher on Friday as the indices remain buoyant and climb the "wall of worry". The Dow gained 54-points on the day while the S&P 500 made another multi-year closing high.
Last week, the Top 50 had a total stock allocation of 91.68%, which was quite bullish. Another week of gains helped push that allocation up another 6.32% to an even 98% going into the new week.
It doesn't get much more bullish than that. And last year at this time saw similar market action with high stock allocations by the Top 50 as well. But a weekly decline didn't happen till the second week of February 2012. And still the market moved higher in the following weeks even with stock
Updated 01-22-2013 at 05:15 AM by coolhand
More gains for the stock funds last week as this 5-day chart looks a lot like the prior week's 5-day chart. Everyone is aware of the upcoming debt ceiling negotiations, yet the market continues to climb the proverbial "wall of worry."
Here are the TSP fund returns for the week of January 14 through January 18.
Some financial markets will be closed on Monday, January 21st in observance of the Martin Luther King, Jr. holiday. The Thrift Savings Plan will also be closed. Transactions that would have been processed Monday night (January 21st) will be processed Tuesday night (January 22nd), at Tuesday's closing share prices.