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10/18/11

Stocks have been rallying strongly lately on optimism out of Europe, but yesterday the markets had a little water splashed in its face when Germany played down expectations. The Dow lost 248-points.


For the TSP, the C-fund was down 1.93% yesterday, the S-fund dropped 2.84%, the I-fund fell 2.17%, and the F-fund (bonds) gained 0.30%.

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It's just one day and we were certainly due for some weakness after the recent run-up, but today's action does not necessarily mean the bulls are ready to let the bears have their way.

Today the media seemed to blame today's weakness on comments from German Finance Minister Wolfgang Schaeuble, who stated that it was wrong to expect a miracle cure from this weekend's summit. As you may know, there's been talk for some time about a plan to solve Europe's debt crisis, but very little ...

10/17/11

Stocks rallied strongly again on Friday, putting an exclamation point on a big week for stocks.

As many investors continue to expect a pullback, the market continues to move up leaving them behind, forcing some to buy or cover short positions, and the market is using that as ammunition to rally. The Dow gained 166-points on Friday.



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While the charts are looking awful bullish we just aren't embracing this latest up leg. Not that I'm surprised, but that's what the tracker charts show. Here's the charts:




Last week, the Top 50 had increased their collective stock exposure by 7.3%, which was a good move for those that had the guts to chase this market higher. But their total stock allocation last week was still only 23.12%, which is ...

10/15/11Defying gravityStocks rallied strongly last week as the Dow gained 543-points, following through on the relentless rebound off of the early October low.The news of bailouts in Europe helped propel the rally, ironically at a time when there is a world-wide cry out against such big bank and Wall Street bailouts. It was a big week for the TSP stock funds as the C-fund gained 6.00%, the S-fund jumped 7.62%, the I-fund was up 6.54%, ...