TSP Talk Blog

Stocks rebounded on Thursday after Wednesday's surprise sell off. Point-wise, it was a good day but the rebound wasn't all that impressive as the indices closed well off their earlier highs. The Dow ended the day with a gain of 300-points or 1%. The S&P 500 had a similar gain and the Nasdaq lost a lot of steam in the final couple of hours and gained just 0.50% after closing about 200-points of its high of the day. Bonds were down, as was the dollar.

...

Someone pulled the plug on the market yesterday after a week of a series of strange events. We mentioned Gamestop, as has every other market pundit in the world, but that type of action is starting to spread and the overall market doesn't seem to know what to make of it. The Dow lost 634-points and 2% to 3% losses were seen across the board.

...

It was a very quiet day on Tuesday with a lull in volatility and the major indices nearly flat lining. The small caps and the Transportation Index were the losers with each falling over 1% on the day. Bonds were flat and the dollar was down again.

...

Stocks were wild, and mixed again on Monday. The Dow (-37-points) and the small caps were down, while the S&P 500 and Nasdaq were up. But that's just part of the story as the indices plunged in mid-morning trading, only to come roaring back into the close. The Dow was down 570-points at the lows yesterday. So much for opportunities to try to buy a dip because these moves are lasting minutes, not days or weeks, and if you saw the sell-off and tried to act before our IFT deadline, by the close ...

Stocks bounced back last week, after the prior week's selling, but on Friday we saw another weirdly mixed day with a 179-point loss in the Dow, a modest loss in the S&P 500, yet the Nasdaq, and particularly the small caps, were up. The Russell 2000 small caps index was actually up 1.3%, so once again investors may be selling in one area, but they're buying elsewhere.

...