Good Evening, The market started off in the red again this morning and the dip buyers showed up right on cue to drive it back up. All in all it was a pretty flat day with major indices finishing with slight gains. Traders were initially disappointed by GE which cut their dividend by 50% but they seemed to be over it by the afternoon. The initial shock of the cut was due to the fact that it was the first time that GE had cut it’s dividend since the great depression. However, the dividend cut had more to do with the company itself than it did to do with the economy. Thus, the return to normalcy in the afternoon. Breadth was again poor with declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored decliners. If there is an area of concern with the current market that is it. I would very much like to see that improve. The current market favors stock pickers but not indexers and that’s a negative for TSP. In order for us to have good performance we need good breadth…..

The days action left us with the following results: Our TSP allotment inched forward +0.02%. For comparison, the Dow added +0.07%, the Nasdaq +0.10%, and the S&P 500 +0.10%.

The days action left us with the following signals: C-Neutral, S-Neutral, I-Neutral, F-Sell. We are currently invested at 100/S. Our allotment is now +14.32% on the year not including the days results. Here are the latest posted results:

God bless, Scott 

 

 ***Just a reminder that you can review the performance of our allocation at the Web Site TSPTALK.com in the autotracker section under the screen name KyFan1.

 

 

I produce and publish this blog as both a ministry and for the benefit of any Federal Government Employee. This is done to offer you some guidance as to how to approach your retirement more financially successful. When it is time for you to retire, I recommend you utilize the services of a Professional Money Manager, who works with a reputable investment firm. He understands the guidance you have already received and he can manage your savings assets utilizing a more advanced investment program into the future. 

 

If you would like to receive more information about this introduction, please feel free to contact me at  KyFan1@aol.com.