Good afternoon from a major airport Admirals Lounge and Wi-Fi….
In the “I kinda mentioned this” category, today the market’s engine lost a few more cylinders, with the Dow Jones index dropping 250 points in one day (we have approx 2 hours left to go….present time is 12:55 PM Central Time).
Financial media is advising that this is the largest decline in 8 weeks. Note that this is on HIGH VOLUME….this is clearly undesirable behavior.
Note additionally that I personally cannot find any other TSP information site, or even most of the major market news websites, that has taken the lonely position I have held since August, in which I presented my opinion that the market was weak and subject to additional declines. Since August, I have been in G-Fund and continue to remain in G-Fund.
Talk to everyone soon….I will be boarding a flight soon and off the air for a few days in travel status.
– Bill Pritchard
