TSP Talk Blog

The day started out with some promise as the big earnings reports from Apple and Yahoo saw the pre-market futures sharply higher and for the most part, although choppy, we saw some decent gains in the first few hours of trading. But after the Fed policy statement was announced, investors saw it as a reason to take profits, and then to outright sell. The Dow ended the day down 196-points, erasing an early morning gain of nearly 100-points.

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