Thrift Savings Plan

[coolhand]

Yesterday was much more dramatic to the downside than a lot of pros expected. Could be that Wall Street was making a statement to the new administration. Today's comments:

"Last time, I said that I figured we'd see some Pavlovian buying on the PEBO-POTUS transition but I was worried about the recent spurt of optimism shown in the RealMoney poll and on FF. Well, I was right to be worried and I should have been more so. I'm pretty sure that we have too many Bulls even as some measures are looking very Bullish for the market. If I'm right, they're going to test the print lows. They may take them out. Of course, there are powers that may not want that and there's LOTS of cash available to buy on any spark of good news. Remember, while the market needs visibility of good things, some outfits can provide that. Like IBM and UTX. I say that we favor shorts early, but that we respect volume turns. There's plenty to respect on both sides of the Bull/Bear coin. Be flexible."