TSP Talk Blog

Stocks tried to hold up on Friday but as the day wore on, the buyers disappeared and the indices drifted lower all afternoon. The Dow lagged losing over 1% while the broader indices held up a little better.

Volume was below average so there was no panic, and that could be a good thing, or bad. Panic selling tends to lead to snap back rallies but the lack of volume could also mean the selling was not done by the money managers, which may be considered the smart money. ...