12/22/11
Stocks had every reason to do a little pulling back yesterday after Tuesday's 337-point gain, yet the early losses turned into small gains by the close. The Dow closed up 4-points.
For the TSP, the C-fund gained 0.20% yesterday, the S-fund was up 0.27%, the I-fund lost 0.21%, and the F-fund (bonds) lost 0.19%.
I look at this as a victory for the bulls, and I consider it a seasonal rally. I don't have any reason to fight the strongest two-week period of the year so I'll stay invested in the stock funds for now.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Seasonality, holiday parties, and reader's annual leave this week leads me to believe that analysis is paralysis. Let's enjoy the Santa Claus rally while we can.
Thanks for reading! We'll see you back here tomorrow.
Tom Crowley
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