Stocks opened sharply lower on Monday, and while it was on a much smaller scale, the action resembled the that of last Monday's wild day where the open was the worst part of the day, the Dow rallied back to near break-even, then puttered into the close - losing about half of those opening losses. The Dow ended the day down 115-points.
The stock market is coming off of one of the wildest weeks that we have seen since the 2008 bear market, and August has been one of the roughest months since the end of last summer. The Dow lost 12-points on Friday but it had to bounce back from a couple triple digit losses during the day so the buyers were stepping up, and they did so into the close.
Whenever volatility is as high as it has been it isn't just a matter of buyers
It looks like my Friday commentary didn't get posted in the Blog area for some reason. It was posted on the main comments page - TSP Talk - Market Commentary so you may have seen it)... Sorry about that. Better late than never?
Stocks rallied strongly again on Thursday as the Dow jumped another 369-points and that makes it 988-points in 2-days. Talk about a snap-back rally. As we've said, they can be explosive. They can last days, and even weeks, but the easy
Stocks soared on Wednesday as the Dow gained 619-points, which is the 3rd largest point gain ever. But as usual, the only way you get a point gain like that is to follow some big losses. So if you got were lucky enough to get those gains yesterday, you have probably been taking a beating up that point. If you missed the gains yesterday, you were probably lucky (or good) enough to miss the downside carnage. There may be a few of the very fortunate people out there who
After a thunderous open which had the Dow up over 400-points during morning trading and well over 300 as late as 3 PM ET, the bears stepped in before the close and took the indices deep into the red again. The Dow ended the day down 205-points.
S&P 500 (C fund)
||Dow Completion (S fund)
||EFA (I fund)
||Bonds (F fund)