TSP Talk Blog

Stocks opened sharply lower on Monday and barely caught a bid as the indices drifted down all day, closing near the lows. The Dow ended the day down 350-points, or about 2%, and the broader indices were down slightly more. The run for the banks, small limits on withdrawals, empty ATMs, and bank closings in Greece were the culprit as we have seen unfold for several days now - or in reality, years.

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The Dow gained 56-points on Friday but the indices were mixed at best with the S&P 500 and small caps down slightly, the Nasdaq down fairly sharply, as were the international stocks. So overall it was more of a negative day, and looking at the futures on Sunday night, there could be more red numbers coming as the debt deal in Greece remains in jeopardy. The headlines are getting more negative.

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Stocks opened higher on Thursday but quickly peaked and never revisited that early intraday high. The Dow lost 76-points, which isn't a major decline, but it was up 70-points at the open so the selling was fairly steady throughout the day.

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Stocks opened lower on Wednesday and continued to drift downward throughout the day leaving the indices with some moderate losses, some worse than others and the Dow lost 178-points. Investors had been led to believe that the situation with Greece was a done deal, but it turns out they are still negotiating and are stuck on a few issues.

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Stocks opened higher on Tuesday, but faded the rest of the morning before buyers showed up and slowly slid the indices back into into positive territory into the close. The Dow gained 24-points and volume was fairly light again.

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