TSP Talk Blog

Stocks pulled back on Thursday after it was reported that another 3.8 million people filed for first time unemployment benefits last week. No surprise there, and we had actually been seeing some "buy the [bad] news" reactions recently, so yesterday was a little different. Bad news was treated as bad news, even after the earnings driven rallies in Microsoft and Facebook. Those two did help make the Nasdaq the leader yesterday, but it was still negative.

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