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So much for support. As I suspected (and many of the rest us too) the market followed through on Friday's action and began the third quarter with not only heavy losses, but with the S&P 500 hitting a new 52-week low as well.
Not surprisingly, Europe continues to provide the market cues. Today, media reports circulated that Greece does not expect to hit a deficit target. That report along with a weaker September PMI Manufacturing Index
September and the 3rd quarter ended with a thud on Friday as the Dow lost 241-points.
For the TSP, the C-fund was down 2.50% on Friday, the S-fund lost 2.73%, the I-fund fell 3.28%, and the F-fund (bonds) added 0.12%.
For more on the weekly and monthly returns, please see our TSP Weekly Wrap-Up.
Caution is rising. There isn't nearly as many TSPers jumping into this market at support as there was a month ago. I suspect the fast up and down action along with the fact that this is a bear market has many (including me) gauging risk as too high. Here's this week's charts:
The Top 50 dropped their stock exposure another 3.9% this week and are holding a
Testing the lows... again
The volatility continued on Wall Street this past week as we saw wild swings in both directions culminating in a steep sell-off on Friday that took most of the major indices into the red for the week.
For the TSP funds, the C-fund lost 0.41% last week, the S-fund dropped 1.69%, the I-fund was up 1.65%, while the F-fund (bonds) fell 0.38%, and
CRS study looks at potential dangers associated with social media in emergencies
By Ohmygov.com's Alex Salta
A recently released study examines the benefits of social media in the areas of emergency preparedness and response. To those who have followed the online responses to recent disasters these benefits are well known and fairly obvious, but what the Congressional Research