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It was a very slow Monday on Wall Street yesterday as volume dried up and the indices were basically flat. The Dow opened lower but finished with a 15-point gain after being in slightly negative territory most of the day.
I apologize but
TSP Talk Sentiment Survey results for the week of 10/19/15 - 10/23/15
The TSP Talk Sentiment Survey came in at 42% bulls, 38% bears.
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Stocks bounced around quite a bit on Friday, but the headline of the day was the relentless buying during the final two hours of trading just after the Dow had fallen into negative territory. The Dow ended the day up 74-points capping a decent week for stocks, although not all indices survived the week with gains.
After some large gains the previous week, Monday had minimal action as the markets were running into resistance coupled with poor economic data and by mid-week, investors started taking some profits. However, investors seem to be reminded that they prefer the economy to look bad when the Fed is considering raising interest rates. So after a mid-day dip, buying was relentless into the close Thursday. A slight pull-back mid-day Friday was followed by more buying as the week came to an end.
Updated 10-17-2015 at 02:39 PM by TommyIV
Monthly Update (covering the past 20 years)
Currently, the index is sitting at an outstanding 5.89%
Over the past 20 years, this is substantially higher than the average gains of 1.65% and above the average positive gains of 4.62%
If the index closed out the month today, it would rank as the 5th best October in 20 years, and 8th best over the past 65 Octobers.
Updated 10-16-2015 at 11:32 PM by JTH