Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
iPhone Forum App | Android Forum App |
Forum Runner App |
TapaTalk Forum App
Mobile Styles for MB | TSP Talk Toolbar
* - Politics Forum Thread (How to Gain Access)
$ - Premium Service Content (Info)
Find us on: Facebook & Twitter | Forum Apps | TSP Talk Toolbar | Posting Copyrighted Material
After defying the historical odds for a rally pre and post-holiday, the market stayed true to form by reversing its course to begin the new week. And as usual, the retracement was fast and deep.
Market strength began overseas, where word of a new eurozone fiscal pact was making headlines. The pact could make financial agreements legally binding and enforceable. There was also reports that the IMF is putting together a financial lending
Last week the stock market suffered its worst Thanksgiving week since 1932. Every trend, tendency, seasonal bias, and extreme indicator reading was thrown out the window, and the market did what it wanted to do, which apparently was to go down.
The Dow lost 236-points on Wednesday and, after being up 104-points early, closed down 26-points in the abbreviated trading session on Friday.
This week, the herd once again increased their collective stock exposure (albeit modestly), while the Top 50 dropped their overall exposure by a significant measure.
Here's the charts:
The Top 50 dropped their stock exposure from 43.72% last week to a much more modest 29.86%. I suspect a number of Top 50 folks dropped off the list as some G
Not Your Traditional Thanksgiving Week
Stocks were pummeled during the normally bullish Thanksgiving week. It was the worst Thanksgiving week since 1932.
Europe can't get out of its way, the U.S. can't figure out how to cut the deficit, and the collapse of the hedge fund MF Global is still sending shock waves throughout Wall Street.
Let's make this quick during our holiday weekend.
For the TSP, the C-fund lost 4.66%
TSP Talk Sentiment Survey results for the week of 11/28/11- 12/04/11
Hold: The TSP Talk Sentiment Survey came in at 44% bulls, 49% bears, for a bulls to bears ratio of 0.90 to 1. That is a neutral reading in a bear market which means the system will remain 100% G Fund for the week of 11/28/11 - 12/04/11.
Bear market rules are in affect 8/22/11:
See latest survey results
To discuss or comment on the Sentiment Survey, go to Sentiment Survey Talk