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Daily Market Commentary

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  1. Wild Ride

    08/10/11

    With the help of an FOMC policy statement, yesterday was probably in the top 5 of the wildest days on I have ever witnessed on Wall Street. We saw a swing from down well over 200-points, to up well over 400 in just over an hour.


    That was after the Dow lost a 240-point gain, falling over 450-points from the morning top to the afternoon low, before that wild last hour of trading.
    ...
  2. Crash Continues

    08/09/11

    Stocks plummeted yesterday as the crash continues. The damage has been so bad that chances are high for a large snap-back rally, but rolling the dice in this market obviously comes with high risk.

    It wasn't pretty for the TSP funds. The C-fund lost 6.65% yesterday, the S-fund dropped 8.56%, the I-fund fell 6.72%, and the F-fund (bonds) gained 0.44% as investors looked for a place to put money.

    The S&P 500 is
    already down to 1120, which
    ...
  3. Downgrade

    08/08/11

    Friday was a mixed day for stocks, but of course the big news came after the close on Friday when Standard & Poor's downgraded the credit / debt rating of the U.S. from AAA to AA+. The futures are sharply lower as we head into Monday's trading.


    For the TSP, the C-fund slipped 0.06% on Friday, the S-fund dropped 1.72%, the I-fund gained 0.49%, and the F-fund (bonds) fell 0.54%. For more on the weekly and monthly returns,
    ...
  4. What are the pros saying?

    08/05/11

    I am still trying to have some kind of vacation this week but the market action makes that a little difficult. After the 500+ point loss yesterday we are seeing extremes in the indices everywhere and we are certainly due for a rally, but when and how much damage comes first is an unknown.

    So what are the pros saying? Since I am on vacation, I am going to borrow RevShark's Afternoon Commentary from yesterday. It will give you
    ...
  5. Gone Fish'in

    08/04/11

    Not really, but I am trying to take some time off this week with some family in from out of town.

    We saw a nice intra-day reversal yesterday as the Dow closed up about 30-points after seeing some deep losses earlier. That's good but the market was so oversold that a rally was not a surprise. The question is going to be, should investors sell any rally or are we forming a bottom to this correction?

    I saw that one
    ...
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)
Source: https://finance.google.com/finance