View RSS Feed

TSP Talk Blog

Stocks rally despite tragedy

Rate this Entry
Despite the country mourning the tragic event in Las Vegas, stocks pressed ahead once again with the Dow gaining 153-points. It's tough to bet against the first day of a new new month, especially when the prior month did so well, but be careful in day 2 and 3. Today could be Turnaround Tuesday, but again betting against this market has not been all that wise this year.

Daily TSP Funds Return

This coming Friday we will also get the September jobs report and estimates are fairly wide with a consensus of a gain of just 75,000 jobs and an unemployment rate of 4.4%. That 75,000 would be about half of what we saw in August and the hurricanes may be showing their economic impact.

Administrative Note: It has come to our attention that some agencies / branches of the military (most recently the Navy) are blocking TSP Talk. We've seen this before and sometimes there is something you can do about it. If you are in the Navy and having this issue, one of your members sent me this form that can be filled out and emailed to the address on the form. I think if they get enough requests they will reconsider. ( Download Exception-Request-Form Word Doc ) Other branches should have their own exemption form which you can probably get online. Thank you!


The S&P 500 (C-fund) is about as stretched as it gets, although there's no law that it can't continue higher, and of course the imminent resistance is rising, but anyone looking at this chart would think it's time to take some profits, and that could be a self-fulfilling prophesy.





I have a pretty full plate this week and I was traveling all day on Monday so I'm going to have to cut this short today. There will likely be more days this week where I will also have to be brief and may be delayed in responding to emails. I apologize in advance for any inconveniences.

I'll leave yesterday's analysis below, just in case some of you may have missed it.

Thanks for reading. We'll see you back here tomorrow.

Tom Crowley

Monday's Commentary: http://www.tsptalk.com/mb/blogs/tspt...ct-follow.html


Posted daily at www.tsptalk.com/comments.php

The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We use additional methods and strategies to determine fund positions.

Submit "Stocks rally despite tragedy" to Digg Submit "Stocks rally despite tragedy" to del.icio.us Submit "Stocks rally despite tragedy" to StumbleUpon Submit "Stocks rally despite tragedy" to Google

Comments


S&P 500 (C Fund)
S&P 500 INDEX,RTH (^GSPC)
DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)
EFA (I Fund)
iShares MSCI EAFE Index (EFA)
AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)