TSP Talk Blog

Monday looked a lot like a Turnaround Tuesday as stocks jumped out of the gate and galloped toward the prior highs as if nothing were going to stop them. But something did. By the time it was over we saw a severe negative reversal in the indices, although the Dow did manage to hang onto a small gain. The Nasdaq saw a near 500-point range from high to low, which was about a 5% move during the swan dive.

It may not have sounded like a political headline, but the fact that stocks were ...