Good Morning
In my second AM update in two days, required due to the recent market turmoil, the Dow Jones futures are trading 100+ points (125-150, variable) lower this morning. See image:
http://www.cmegroup.com/trading/equity-index/us-index/e-mini-dow.html
What this means is basically we have another rough day in store for us in the regular stock markets, today October 16. Note that I made the same assessment, yesterday 10-15, pre-market, and this assessment was proven correct with the Dow Jones dropping at one point 350+ points.
To reiterate earlier statements, I remain in G-Fund, and have been in G-Fund since August, due to my observations and signals of market weakness. This signals have clearly proven correct as all of 2014’s gains are wiped clean, gone, in recent days. The other site’s claims of “we performed great in 2014” can be ignored, and sadly the “other sites” have done nothing, zero, to protect your current balance from damage. Most other TSP sites are currently frozen in gridlock, gripped by panic due to the recent turmoil. The world is great until it is not great. Meanwhile, this site seeks to get folks “off the X.” This is the difference between this site and other sites, who are chasing gains and pat themselves on the back when their broken clocks happen to have the correct time twice a day.
Those in G-Fund have seen no damage to their accounts, and remain safe from this violent and damaging storm.
I remain 100% G-Fund. Thanks everybody and have a good day !
– Bill Pritchard
