All Blog Entries

Stocks rallied strongly yesterday as we saw 3% to 4% gains across the board, but the bond market didn't rejoice and that may be a problem. The Dow gained 291-points on the day.


For the TSP, the C-fund gained 2.94% yesterday, the S-fund was up 3.89%, the I-fund jumped 4.20%, and the F-fund (bonds) gained 0.14% (corrected).

As we ...

After defying the historical odds for a rally pre and post-holiday, the market stayed true to form by reversing its course to begin the new week. And as usual, the retracement was fast and deep.



Market strength began overseas, where word of a new eurozone fiscal pact was making headlines. The pact could make financial agreements legally binding and enforceable. There was also reports that the IMF is putting together a financial lending ...

11/28/11

Last week the stock market suffered its worst Thanksgiving week since 1932. Every trend, tendency, seasonal bias, and extreme indicator reading was thrown out the window, and the market did what it wanted to do, which apparently was to go down.

The Dow lost 236-points on Wednesday and, after being up 104-points early, closed down 26-points in the abbreviated trading session on Friday.

...

This week, the herd once again increased their collective stock exposure (albeit modestly), while the Top 50 dropped their overall exposure by a significant measure.



Here's the charts:




The Top 50 dropped their stock exposure from 43.72% last week to a much more modest 29.86%. I suspect a number of Top 50 folks dropped off the list as some G ...

11/26/11

Not Your Traditional Thanksgiving Week

Stocks were pummeled during the normally bullish Thanksgiving week. It was the worst Thanksgiving week since 1932.

Europe can't get out of its way, the U.S. can't figure out how to cut the deficit, and the collapse of the hedge fund MF Global is still sending shock waves throughout Wall Street.

Let's make this quick during our holiday weekend.

For the TSP, the C-fund lost 4.66% ...