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It wasn't that long ago (April 30th to be exact), that the Top 50 had a total stock exposure of 92%. The week after that their exposure dropped a whopping 61% for a total stock allocation of 31%. The broader market fell that week, but not by much (S fund was only down about 0.24%). We had some dip buyers in the group a week later as total stock exposure for the Top 50 rose to 48.6%. But those dip buyers met with stiff selling pressure as stocks plummeted (S fund was down 6.03%) for the week.
Updated 05-21-2012 at 04:36 PM by coolhand
(Updated incorrect Top 50 Trend Chart)
After all the hype, Facebook (FB) only climbed 0.23 (0.61%) Friday, with 580 million shares traded.
“After creating a host of buzz and hype, the Facebook IPO fell flat on its opening day Friday. The share that was expected to flood the Wall Street witnessed a mere $0.23 jump in price. And the situation could become worse for the social media king and could go below the offering price if JP Morgan and Morgan Stanley didn't buy when the FB stock hit the offering price.”
Where will the market find support and reverse? Here is a weekend update showing four long term charts, in the daily timeframe, of the simple moving average (ma). The moving averages may not look familiar to you, because they are long term and follow the Fibonacci sequence. They are the: 233, 377 and 610 moving averages. Because of the recent fairly severe sell-off, they may be useful as a guide post to see where a possible turning point area may lie.
On the SP 500 chart, representing
Worst week of the year
The stock market and the TSP stock funds experienced a precipitous decline last week with barely a notice of any kind of relief rally. The buyers have gone on vacation apparently, while the trouble in Europe dictates the action.
Here are the TSP fund returns for the week of May 14 through 18.
Interest in the Fed plummeted on Twitter after May 12--to just 17 mentions May 13.
By Jack B. Winn
J.P Morgan's $2 billion gamble may be raising eyebrows on Wall Street and D.C., but the loss has also brought new scrutiny into big banks' relationships with agencies like the Federal Reserve--and Twitter is leading the charge.
According to OhMyGov Analytics, mentions of the Fed spiked to