Stocks March 2008

[tsptalk]

Mark Haines on CNBC is downright giddy that the market just rebounded into positive territory this morning. I guess when you have to constantly comment on the current situation you are put on the spot to make some sort of determination, but it's hard to find a positive spin at this point. Maybe if the Dow closes up triple digits today, but until then, calm down Mark.

 

[350zCommTech]

Re: Stocks February 2008

Mark Haines on CNBC is downright giddy that the market just rebounded into positive territory this morning. I guess when you have to constantly comment on the current situation you are put on the spot to make some sort of determination, but it's hard to find a positive spin at this point. Maybe if the Dow closes up triple digits today, but until then, calm down Mark.

Mark Haines is an idiot. Most of them are. This rally is due to the TAF. It's obvious where the money is being put to work. They did this because they did not want cut today, and probably not until the meeting. The currency market figured it out. That is why the dollar is rising despite a recessionary jobs number.

 

[tsptalk]

Re: Stocks February 2008

Agree, the Fed has tried to offset the jobs report. Ah, manipulation. Why worry about inflation?

Those in the F fund are not friends of the Fed today. We should have seen a big rally in bonds today. It's still early I guess.

 

[350zCommTech]

Re: Stocks February 2008

Tom,

I just noticed you made a move. What did you do? G fund or the market?

 

[DCguy]

Re: Stocks February 2008

how's ebb chart doing lately?

 

[350zCommTech]

Re: Stocks February 2008

how's ebb chart doing lately?

He's having a good month, but YTD is -16.5% or so.

 

[tsptalk]

Re: Stocks February 2008

He's having a good month, but YTD is -16.5% or so.

Ironically, the TSP limits have helped Ebb this year as the TSP system is "only" down 6%. But like you said, the ETF's trades have been hit hard this year.