Thursday, March 24, 2005

March 24 PM update

The indexes continue to post losses, with the EAFE Index (I-fund) starting to deteriorate also.

My personal TSP is 100% G-fund, both balance and future contributions, until further notice.

Also, some market trivia. Here is a list of the prior "Bear Markets" in history, and the political party in office.

Oct 1929 Crash - most famous crash in history. President: Hoover/Republican

Jan 1973 Crash - also hurt by with Arab oil emargo later that year. President: Nixon/Republican

August 1987 Crash - also very famous. Time of huge defense spending, Star Wars missle program, large deficit, and cocaine smuggling. President: Reagan/Republican

March 2000 Crash - end of "the internet bubble" President: Bush/Republican

admittedly, in March 2003, under Bush, the market began a new uptrend, however, all crashes in history have occurred under Republican presidents.

also note that Wall Street is in NY, a major democratic state

Not trying to adovacate a party, however it is interesting to see how the market has performed in the past.

Stock markets are CLOSED on March 25, for Good Friday.

Have a good weekend

Monday, March 21, 2005

Monday March 21 night update

TDY again guys but I have my laptop, so....

NASDAQ continues to slide further downward, it is below its 200-day moving average again, however on less than normal volume. The financial press speculates this is due to "big money" being on the sidelines today in anticipation of tomorrow's interest rate decision.

I see no positive signs for a magical reversal of the markets downward slide in the next days to weeks. I am personally 100% I-fund and possibly going to 100% G-fund in a week or two, depending on what we see in the indexes.

No other major market news at this time.

see ya