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This and that about the market, the TSP, maybe some politics, and life.
The bulls took charge early on Thursday, after a slightly weak open. By the close the Dow had added 69-points with the three major indices all gaining near 0.3%. The Transports led with a 0.8% gain while the small caps added 0.5%, and the I-fund was held back by another rally in the dollar.
Stocks were mixed on Wednesday with the Dow down 42-points as financials were a bit of a drag on the large caps. The S&P, Nasdaq, and small caps all posted small to moderate gains. Retail stocks did well and on the NYSE there were close to 2 stocks up for every one down so the loss in the Dow wasn't telling the story.
Stocks opened lower on Tuesday and the Dow was down and in jeopardy of having its longest daily losing streak in almost 40 years. But it didn't take long for the dip buyers to jump in and follow through with Monday's positive reversal and send the indices sharply higher for the day. The Dow, S&P 500, and small caps all gained about 3/4 of a percent, while the I-fund lagged a bit with a rebound in the dollar.
Stocks gapped lower on Monday morning and within minutes the Dow was down 184-points. Buyers quickly stepped up and we saw the indices come well off their lows with some closing in positive territory. The Dow ended the day down 46-points, the S&P slipped 0.10%, while the Nasdaq, small caps, Transportation Index, and the EAFE, all closed with minor gains.
It was a mixed and volatile day for stocks on Friday as investors awaiting the outcome of the healthcare bill. As the day went on and we saw no results, there was some selling the closer we got to the close. But just before 3 PM ET it was announced that the bill was being taken off the floor. Initially stocks sank, but we saw some buying late to end with a mixed bag. The Dow lost 60-points on the day while the S&P was just south of flat, and the Nasdaq and small