TSP Talk Blog

They sold the rumor and bought the news. The Fed raised the Fed Funds rate 0.75% and stocks, which were up sharply before the Fed policy statement was released, tacked onto those gains, but it was a wild day and the indices closed well off both their highs and their lows of the day. The Dow gained 304-pioints, but that's just 1%. Of the 4 major indices, only the Nasdaq gained more than 2%, so after almost a week of daily 2% to 5% losses, the gains yesterday were good, but nothing to write home ...