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Stocks ended the week with gains after a sharp turnaround late Friday undid losses recorded for the most of the day and the second half of the week on concerns about the US economy. That recovery highlights how important the bond insurers have become to confidence in financial system. They guarantee principal and interest repayment on both low-risk municipal bonds and the riskier complex debt instruments that have come under pressure durin ...
After beginning the week with a bounce, stocks ended it with a slid, dragged down by renewed worries about the economy and credit markets.
Stocks fought to rebound from Thursday's decline but failed, spending most of Friday in the red after a raft of troubling economic news. The University of Michigan said its measure of consumer sentiment plunged to the lowest level in 16 years. The New York Federal Reserve's index of ...
Stocks ended a rough week on Wall Street in mixed territory on Friday. Ongoing credit market mess dragged down the financial sector. All major stock indexes ended the week with losses, earasing the big rally from the previous week. Stocks managed to end choppy session higher on Thursday breaking a three-day losing streak. But Friday brought a return to the selling.
Recession fears weighed on ...
After shrugging off the ugliest employment report in four years, US Large Cap Stocks (C Fund) went up almost 5% in last week! It might seem unthinkable that stocks could rise on a day when the Labor Department reported that non-farm payrolls declined for the first time since 2003, seeming to rubber-stamp recession worries. But there were enough silver linings in the jobs report to reassure investors. Ugly payroll reports have been revised hig ...
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When it com ...
The wild week on the market closed out on a negative territory. Jittery investors again placed their bets on gold and Treasuries. As stocks fell, gold prices rose to a new Comex record, gaining $5 for each $1,000 invested, lowering the yield to 3.582%, which pushed F Fund price from $12.12 to $12.16.
Right as we predicted F Fund prices were boosted by the emergency rate cut that was announced by Federal Reserve Board this Monday. Investors on Wall Street widely expect another 0.25-0.5 rate cut next week.
According to CNN.com congressional leaders and Bush Administration officials have reached a deal on economic stimulus package that would send checks to most taxpayers in an effort to keep economy from falling.
Both of those developments do not change our long-term stock market outlook. We are positive that recent developments will spark inflation in the USA. Our budget deficit will also increase as a direct outcome of the rate cuts and economical stimulus package. C and S Funds mos ...
US Stocks tried to recover in the beginning of Friday’s session but then lost their grip and slid down again.The blue-chip stocks (C Fund) ended week almost 4% down and stopped only 5% away from the 20% bottom since October 9th high. (FYI: 20% decline is a technical definition of a bear market. 10% decline ...
Recession concerns swept through Wall Street, sending stock prices sharply lower while investors sought out the safety of Treasuries and gold. With Friday’s loss, the major stock indexes are down almost 5%. That’s the worst start since 1991 when the economy was in recession. Recent economic indicators point ...