imported post
Unfortunately I don't see much of a bright sidein the near/mid term, despite any potential short term rallies. The Fed is likely to continue with quarter point interest rate hikes the next several months, to cover for any rise in inflation. In fact I was listening to Bloomberg radio news from New York this evening, and perhaps these interest rate hikes may come faster in the upcoming months,with perhapsseveral half point increases at faster increments. Thisisn't good news.
Oil and gas prices are still rising, and until theour administration changes its fiscal focus and resources todomestic energy policies,I don't see our economy improving.
Ihaven't "run for the hills" yet with my tsp plan contributions and allocations, but I am poised to do it soon. It was an unpleasant shock to see all the indices up at 2pm, followed by a big drop after the Fed increased it's interest rate today. The idea that interest rate increaseswere going to be delayedis false. I remember the big oneday rally back in February thatwas basedon this news from the Fed, and it wascompletely false.
Currently 20g,15f,20c,20s,25i but may bereplacing with 50g within the next week. If there's a time to take cover it may be fairly soon (if not already).
It's a no win situation for most of us unless you are 100 percent G, and even then you're not beating inflation.