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After a strong start on the first trading day of 2012, stocks drifted slowly lower the rest of the week, although the major indices held onto solid weekly gains. On Friday the Dow lost 55-points in a "sell the news" reaction to a better than expected jobs report.
For the TSP, the C-fund lost 0.21% on Friday, the S-fund slipped 0.05%, the I-fund
Last week the tracker charts showed that we were collectively moving to the G fund as the Santa Claus rally ran its course (last Wednesday was officially the end of the SC rally). The Top 50 had dropped their stock exposure a whopping 33.34% to begin last week's trading, which put them at a total stock allocation of 47.92%. The herd had also dropped their stock allocation last week, but by a more modest 15.27%. That gave them a total stock exposure of only 39.09%.
Both groups ended
Good start but drifted after the pop
Stocks opened with a bang on the first trading day of 2012, but we actually saw the week's highs hit within the first hour of trading in the new year.
For the TSP, the C-fund gained 1.67% on the week, the S-fund was up 1.65%, the I-fund lost 0.41% because of rally in the dollar,
Do tweets fall under the protection from the First Amendment?
You canít yell fire in a crowded room. You canít blackmail someone else. Yet so far the First Amendment has its tongue tied when it comes to terrorist organizations Tweeting calls to jihad online.
In what has become a disturbingly gray area between free speech and terrorist support, the Twitter-sphere
It was another early morning sell-off and just like the last two days stocks staged a comeback to trade around the flat line for a good portion of the trading day. But some last minute selling pressure pushed some of those averages into the red at the close. Still, the Nasdaq close positive so the bulls would appear to have won the battle again as losses were modest in the DOW and S&P 500.
Prior to the open, the December payrolls report