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  1. The Imaginary Sideline Cash

    I keep hearing people on TV talking about how there is so much cash on the sidelines, and once that cash come back into the market, stock prices will zoom upward.

    This is nonsense. The amount of cash on the sidelines is the same amount of cash that has always been on the sidelines.

    For every stock trade, there is a buyer and a seller. The buyer takes his cash and gives it to the owner of the stock (seller). The owner of the stock (seller) gives his stock to the buyer ...
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  2. Breakdown?

    Sorry, I forgot to copy this to the blog this morning...

    Stocks followed through on Friday's sell off with another round of selling yesterday. The TSP stock funds dropped between 2% and 3% and bonds saw another modest rally as the F-fund picked up 0.27%.

    The poor jobs report, which was actually in line with estimates, seems to have been a dagger in the newly bullish investors' hearts who had been buying into the recent rally. Sure, we could see an optimistic rally leading ...
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  3. FOMC Chair Discusses Actions, Exit Plan

    FOMC Chairman Bernanke gave a speech this morning <st1:city w:st="on"><st1>in London</st1></st1:city> to outline the policy response to the current credit crisis. It seems obvious t the cause of the turn in the housing cycle was the extension of credit to unworthy borrowers under a system designed to reward short term commissions instead of a long-term focus on underwriting loans. This process was encouraged by the institution Chairman Bernanke currently heads. ...
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  4. As goes January...

    Unlike in December, the market could not overcome the poor jobs report on Friday as stocks dropped sharply, closing at their lowest levels of the day. Not a good start to January.

    As the old adage says; As goes January, so goes the year. Some take it a step further and say; As goes the first week in January, so goes the month of January, ... and so goes the year.

    After a strong +3% start on January 2nd, the S&P 500 finished the first full week of January down 4.4%, ...
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  5. Getting the Cheese

    Those who wish to take a victory lap on the back of last weeks "not-as-bad-as-we-thought-it-would-be-but-still-really-bad" Unemployment Report, may not be as comforted by this weeks data. Today is the calm before the storm – as this week there will be International Trade on Tuesday, Retail Sales on Wednesday, PPI on Thursday, and, mercifully, CPI and Industrial Production on Friday. Expect all to be less than stellar. I’ll go through each one as they come out.
    <o></o> ...
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S&P500 (C Fund) (delayed)

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DWCPF (S Fund) (delayed)

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EFA (I Fund) (delayed)

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BND (F Fund) (delayed)

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