crws
Active member
Here's who manages F, C, S, I
http://www.tsp.gov/features/chapter07.html#sub2
Now that I know BlackRock is our equity Fund's admin, (a tangled web, http://en.wikipedia.org/wiki/BlackRock) I wonder how much flash trading is going on when our contributions come down the pike. With Gov't payroll as a constant stream of liquidity, I would suspect the market is getting hammered as our funds hit the floor, especially in these times of tough cash. I would wonder if they get it bi-weekly or lump-sum monthly.
You get to pick the lesser of 2 evils....
http://www.businessweek.com/news/20...k-says-u-s-stocks-ready-to-rock-update1-.html
Saturday June 5, 2010
Bloomberg
BlackRock’s Fink Says U.S. Stocks Ready to ‘Rock’ (Update1)
June 02, 2010, 5:31 PM EDT
(Updates with additional comments on Europe in fourth paragraph.)
By Anthony Effinger and Sree Vidya Bhaktavatsalam
June 2 (Bloomberg) -- BlackRock Inc.’s Laurence D. Fink, who leads the world’s biggest asset-management firm, said the stock market is poised to rally because U.S. companies have built cash reserves and manufacturers are returning to health.
“We’re ready to really rock and roll as a country,” Fink said today in a meeting at the Oregon Investment Council, which manages retirement accounts for public employees and invests in BlackRock’s funds. The meeting was held in Tigard, Oregon.
The U.S. benchmark Standard & Poor’s 500 Index has gained 62 percent since reaching a 12-year low on March 9, 2009, as companies recovered from losses during the credit crunch. This year, the index has declined 1.5 percent on concern that the European debt crisis will curb growth around the world.
“We’re very bearish on Europe,” said Fink, chief executive officer of New York-based BlackRock, which manages $3.36 trillion in investments. “We worry that it will bleed into other areas,” Fink said to the group of two dozen employees and board members at the council.
Second-quarter profits at U.S. companies will be stronger than analysts expect, he said. Excluding some items, companies in the S&P 500 earned a combined $19.87 a share in the first quarter, up 53 percent from the year-earlier period, according to data compiled by Bloomberg. Analysts estimate S&P 500 profits will be $81.31 a share this year and $95.59 in 2011, topping the record $87.72 in 2006.
Fink said he talked to Alan Mulally, Ford Motor Co.’s CEO, last week about how the automaker’s unions had agreed in 2007 to cut wages for new hires. Such reductions, combined with cheaper housing after the real estate slump, make the U.S. attractive to manufacturers again, Fink said.
Much of Fink’s optimism about the U.S. and pessimism about Europe is based on demographic trends, he said. Asked what Europe could do to solve its problems, Fink said: “Breed.”
--Editors: Josh Friedman, Christian Baumgaertel
http://www.tsp.gov/features/chapter07.html#sub2
Now that I know BlackRock is our equity Fund's admin, (a tangled web, http://en.wikipedia.org/wiki/BlackRock) I wonder how much flash trading is going on when our contributions come down the pike. With Gov't payroll as a constant stream of liquidity, I would suspect the market is getting hammered as our funds hit the floor, especially in these times of tough cash. I would wonder if they get it bi-weekly or lump-sum monthly.
You get to pick the lesser of 2 evils....
http://www.businessweek.com/news/20...k-says-u-s-stocks-ready-to-rock-update1-.html
Saturday June 5, 2010
Bloomberg
BlackRock’s Fink Says U.S. Stocks Ready to ‘Rock’ (Update1)
June 02, 2010, 5:31 PM EDT
(Updates with additional comments on Europe in fourth paragraph.)
By Anthony Effinger and Sree Vidya Bhaktavatsalam
June 2 (Bloomberg) -- BlackRock Inc.’s Laurence D. Fink, who leads the world’s biggest asset-management firm, said the stock market is poised to rally because U.S. companies have built cash reserves and manufacturers are returning to health.
“We’re ready to really rock and roll as a country,” Fink said today in a meeting at the Oregon Investment Council, which manages retirement accounts for public employees and invests in BlackRock’s funds. The meeting was held in Tigard, Oregon.
The U.S. benchmark Standard & Poor’s 500 Index has gained 62 percent since reaching a 12-year low on March 9, 2009, as companies recovered from losses during the credit crunch. This year, the index has declined 1.5 percent on concern that the European debt crisis will curb growth around the world.
“We’re very bearish on Europe,” said Fink, chief executive officer of New York-based BlackRock, which manages $3.36 trillion in investments. “We worry that it will bleed into other areas,” Fink said to the group of two dozen employees and board members at the council.
Second-quarter profits at U.S. companies will be stronger than analysts expect, he said. Excluding some items, companies in the S&P 500 earned a combined $19.87 a share in the first quarter, up 53 percent from the year-earlier period, according to data compiled by Bloomberg. Analysts estimate S&P 500 profits will be $81.31 a share this year and $95.59 in 2011, topping the record $87.72 in 2006.
Fink said he talked to Alan Mulally, Ford Motor Co.’s CEO, last week about how the automaker’s unions had agreed in 2007 to cut wages for new hires. Such reductions, combined with cheaper housing after the real estate slump, make the U.S. attractive to manufacturers again, Fink said.
Much of Fink’s optimism about the U.S. and pessimism about Europe is based on demographic trends, he said. Asked what Europe could do to solve its problems, Fink said: “Breed.”
--Editors: Josh Friedman, Christian Baumgaertel
