For the 10th consecutive day the Dow has alternated between being up and down as yesterday's swings ended on the downside. The Dow lost 72-points on the day yet it is still flirting with multi-month highs.
For the TSP, the C-fund was down 1.25% yesterday, the S-fund lost 1.79%, the I-fund fell 1.50%, and the F-fund (bonds) was up 0.07%
The broader averages bounced above and below the neutral line for most of today's trading session, but more conflicting reports regarding the EFSF in Europe caused sellers to return in mid-afternoon trade. The selling pressure drove the averages down the rest of the day where the they closed near their lows of the day. For more info on today's news regarding EFSF click this link.
Earlier in the day, there was news that September housing
Updated 10-19-2011 at 08:38 PM by coolhand
For the 9th consecutive day, the Dow alternated between being up and down by closing up 180-points after Monday's 248-point loss. Despite the strange streak, the Dow made its second highest close in over 3-months after being down 100 points earlier in the day.
For the TSP, the C-fund was up 2.04% yesterday, the S-fund gained 2.62%, the I-fund added 1.18%, and
It looked like we might see some serious follow through action to the downside in early trading as the S&P 500 fell almost 1% in the first half hour trade, but that would be the low of the day as the major averages chopped their way higher for several hours before blasting off in the final hour of trade on news out of Europe that eurozone officials had agreed to increase bailout funds. But it was a knee jerk reaction that may not last as details are still lacking.
And the ratings
Stocks have been rallying strongly lately on optimism out of Europe, but yesterday the markets had a little water splashed in its face when Germany played down expectations. The Dow lost 248-points.
For the TSP, the C-fund was down 1.93% yesterday, the S-fund dropped 2.84%, the I-fund fell 2.17%, and the F-fund (bonds) gained 0.30%.