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Daily Market Commentary

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  1. Wild Ride


    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


    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


    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?


    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


    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)
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)