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Stocks resumed their downward slide early last week but finally stabilized on Thursday morning and rallied strongly into Friday. The week ended with losses, but it could have been a lot worse if not for the big reversal, and Friday morning's better than expected jobs report helped complete what looks like a potential "V" bottom.
Here are the weekly, monthly, and annual TSP fund returns
September Jobs Report: +248,000. Unemployment rate: 5.9%
"Nonfarm payrolls grew more than expected in September as the unemployment rate fell to its lowest level since July 2008.
"According to the latest employment report from the BLS, nonfarm payrolls grew by 248,000 in September.
"The unemployment rate also fell to 5.9% from 6.1%, the first time the unemployment rate has been below 6% in more than six years.
Stocks gave investors another scare on Thursday as the Dow was down 130-points just before noon, but we saw a positive reversal and most indices recovered their losses by the close. The Dow ended the day down just 4-points, while small caps actually led the way higher with a solid gain.
Another sell-off on Wall Street Wednesday and investors are starting to feel the pain. The Dow lost 238-points while the Russell 2000 hit correction mode being down 10% from its early July peak.
The volatility continued on Wall Street and we saw the bulls and bears really battle it out on Tuesday with the bears claiming a victory by the close. As fast as they went up in the morning, the indices came down in afternoon trading and the Dow ended the day down 28-points. Small caps were the big loser again.