This morning for the first hour and half the stock market was on a tear to the south and was looking pretty grim. All my personal stocks were sold and I watched all my profit go up in smoke and it basically put me back to ground zero for the year. That will be in the second post. Right now we speak of the indexes and we read them. We have had that nice run from September and like I said last weekend, a correction or pullback would not be surprising here. At least a little consolidation is due.
Today the second red flag warning was fired in the S&P500, Small Cap, and the Nasdaq. The European fired its first warning and the Dow30 has yet to give a warning at all.
I’m getting a lot of warnings here, but I also know that earning season is here and that can change the game in either direction. What I have to do is make a decision based on what I see and not what I hear. I have three major indexes all with 2 red flag warnings in concurrence with each other and that is enough. So tomorrow between 11-12pm, if the market is red, I will pull all funds back to the safety of the G-fund. I will post as soon as possible if your waiting for the info, but you really need to weigh all variables yourself and make your own decision.
TSP distribution: G-fund 10%, C-fund 40%, S-fund 40%, I-fund 10%
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