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Petition to Increase # of Interfund Transfers!
One of our members has created a petition to request an increase in the # of IFTs we can use per month.
Please Sign the Petition
... and pass it along to anyone you know who may be interested. Apparently you don't have
to be a government employee or a military member to sign. (Discuss Here). Thanks!
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The major indices were mixed yesterday, but the action was decent. The Dow lost 7-points on the day and most of the major indices closed very close to break even, but they overcame some large early afternoon losses.
Stocks rallied sharply on Monday, following through on Friday's positive reversal day. The Dow gained 208-points and most of the major indices gained close to 2% on the day.
Stocks saw some modest gains of Friday, reversing some early losses and improving the technical picture in some of the charts. The Dow gained 46-points on the day.
Last week, the Top 50 had increased their stock allocations by 11.46% to a somewhat healthy 68.5% total stock exposure. In fact, they had increased their stock exposure every week for the previous 4 weeks. And the market ended up down 3 out of 4 of those weeks with the C fund shedding 4.98% during that time, and the S fund falling 4.41%.
The Total Tracker didn't reveal as much stock exposure last week as the Top 50 (59.04% vs 68.5%), but they didn't drop their allocations as much
Although we saw a bit of a bounce on Friday, the major stock indices, and their TSP stock fund counterparts, lost ground again last week. Concerns over the fiscal cliff remain the center of attention, and Friday's rally came after some signs out of Washington that the two sides may not be too far apart on a compromise.
Here are the TSP fund returns for the week of November 12 through November