Stocks lost more ground last week as European debt concerns remained in the headlines,with Spain joining the 7% 10 year bond yield club – an area that has meant bailouts for other European countries. Italy, Spain and Greece will continue to be the news to watch, but of course we have a Super Committee inRead… Read more »
The major indices, and our TSP stock funds, were bouncing violently last week in reaction to the ongoing debt situation in Europe. The new catalyst seems to be the yield of Italy’s 10 year bond. As the yield approached and went above 7%, a level that meant bailouts to other troubled European countries, stocks aroundRead… Read more »
What do these numbers have to do with your TSP account? They are the daily point movements in the Dow Jones Industrial Average (up and down) in 9 of the last 11 trading days. The only 2 days that did not see triple digit moves in the last 11 days were the last two Fridays,Read… Read more »
This is becoming redundant, but it was another wild week on Wall Street. We saw an average daily move of 167-points in the Dow with 4 of the 5 says being up or down triple digits. The big story of course was the announcement of the bailout in Europe. Whether this is a real fixRead… Read more »
Breakout is a good sign,but short-term question marks Stocks rallied strongly on Friday turning what looked like was going to be a negative week into another positive one. The action comes as we head into an important weekend for the Eurozone as they continue to put together a plan to try to tame the debtRead… Read more »
Stocks rallied strongly last week as the Dow gained 543-points, following through on the relentless rebound off of the early October low. The news of bailouts in Europe helped propel the rally, ironically at a time when there is a world-wide cry out against such big bank and Wall Street bailouts. It was a bigRead… Read more »
Stocks continued their volatile ways as we saw several big moves again this past week. The action on Tuesday, which included a big turnaround on high volume, is the type of move you might see at a market bottom, but the chart formations are still looking bearish. After a weak start on Monday and intoRead… Read more »
The volatility continued on Wall Street this past week as we saw wild swings in both directions culminating in a steep sell-off on Friday that took most of the major indices into the red for the week. For the TSP funds, the C-fund lost 0.41% last week, the S-fund dropped 1.69%, the I-fund was upRead… Read more »
The bear flag breakdown Stocks experienced their worst week since 2008 as the ongoing debt issues plagued Europe, and here at home the Fed’s “Twist” plan of buying $400 billion in long term debt while selling an equal amount of shorter maturities, did not go over very well. They also added the word “significant” toRead… Read more »
Apparently the market does not read our weekly wrap up as we were expecting a breakdown of the bear flag (see below) and a test of the August lows to begin last week. Instead, the market rallied for 5 consecutive days, which was the first time that had happened since late June. For the TSPRead… Read more »