weatherweenie
Well-known member
eafe +0.50%
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Or you can now use TapaTalk again!350Z's 2007 I Fund Thread
- Thread starter 350zCommTech
- Start date
- Status
Eagle_Addict
Member
Any chacce for a +FV today??
The markets have done well since 12 Noon until now (around 230 EST).....
EA
ebbnflow
Ebbchart
Re: Any chacce for a +FV today??
It doesn't hurt that the US$ index reads "TILT," either!
Ebb,
My wife and I are both federal employees. Since July 4th I have followed your system, but left my wife's account at 60I, 20C, and 20S. Since then your system has produced a $4,000 gain for me, and my wife's inactive account is down $2,000. I wanted to see how my account fared before I started trading hers, I'm now sold. I recently turned 2 coworkers on to you and they are thrilled with their results as well. Great Job and Thanks for making us money!!
J-Kat
James48843
Well-known member
Right on the cusp of being a FV day- looking more and more likely as we get near the close.
right now I am showing a +.17, which is four cents above where it was the 11:36 am mark.
Barclays almost always does the FV if it hits five cents difference. Don't know if they will do it today, but we are getting close now..
I'm rapidly coming to that conclusion, myself. Against Ebb's advice, I put my cash into the F-fund today (and missed the deadline for Monday).
pezfallout
Member
Yeah, I've burned myself twice getting squemish and not following his system. Never again.
vol46
Member
Just an ol layman here. If your buying today with a +FV it will cost you more than it's worth. Selling it today is good, your getting paid more than it's worth. If your long in the I fund, it doesn't matter, your getting the +FV today and giving it back monday.
Sure someone will correct me if I am wrong but, believe that's the way it works.
SkyPilot
Well-known member
budnipper1
Active member
G 12.08 even
F 11.47 +.02 +0.17%
C 16.56 +.19 +1.16%
S 19.92 +.26 +1.32%
I 23.77 +.33 +1.41%
350zCommTech
Well-known member
21 cents +FV.
Rustynutt
Member
Well, I'm still pretty confused about the FV stuff, but I'll keep reading
Aside from everything else, negitive impact I've seen in the news for the most part is that another German bank was funded, or bailed out, with the agreement it would put itself on the block. From a "sentiment" point of view, one would think that Europe would want to just move along, and let the US deal with it's own troubles. How many card hands do you think remain overseas yet, not withstanding the effects of the US market in general (normal times)? I mean, if someone is in trouble, it would seem hard to hold off this long and not be in the open.
I know, I know, simplistic.
BigJohn
Member
350,
I was reading on Bloomberg an article on the strength of the dollar...made me think of the I fund and therefore...your thread. Am I right that a drop in the value of the dollar is a boon to those of us in the I fund?
BigJohn
Dollar Falls on Reduced Concern Housing Will Slow Global Growth
By Bo Nielsen
Aug. 25 (Bloomberg) -- The dollar fell the most against the euro since March on diminished concern that U.S. housing weakness will slow global growth.
The yen posted its biggest weekly decline versus the euro since 2003 as investors returned to carry trades in which they borrow in Japan to invest in higher-yielding assets elsewhere. Global stocks rose and volatility fell as traders increased bets the Federal Reserve will cut rates in September.
``Things are calming down sufficiently enough for the market to go back to the trades that dominated prior to the shake-out: buying other currencies against the yen and selling the dollar,'' said Brian Dolan, chief currency strategist at FOREX.com, a unit of online currency trading firm Gain Capital in Bedminster, New Jersey, with about $250 million in funds under management.
The dollar dropped 1.5 percent this week to $1.3675 per euro, for the biggest weekly decline since mid-March. The dollar rose 1.8 percent to 116.44 yen. The yen plummeted 3.4 percent to 159.26 per euro, for the biggest loss since September 2003.
``People are calmer because they expect the Fed will cut rates in September,'' said Mark Meadows, a strategist at currency-trading company Tempus Consulting Inc. in Washington.
The yen advanced last week by the most against the euro since 2000 as the subprime mortgage crisis spread through global credit markets, spurring investors to sell riskier assets funded by loans made in Japan.
Housing Report
Purchases of new U.S. homes unexpectedly rose 2.8 percent to an annual pace of 870,000 last month, the Commerce Department said yesterday. The level exceeded the highest estimate in a Bloomberg News survey of 73 economists.
The Standard & Poor's 500 Index rose 2.3 percent for the week, the biggest gain since March. The Chicago Board Options Exchange's VIX index of stock volatility fell to 20.70 this week after reaching 37.50, the highest since 2002, on Aug. 16, the day before the Fed cut the discount rate it charges banks.
Interest rate futures show traders are certain the Fed will cut its 5.25 percent target rate for overnight loans between banks at least a quarter-percentage point by its Sept. 18 meeting. Bets a month ago suggested a 10 percent chance of a rate cut.
Goldman Sachs Group Inc. and Merrill Lynch & Co. cut their forecasts for the dollar this week. Goldman said the dollar will weaken to a record of $1.43 in three to six months, from a previous estimate of $1.35. Merrill forecast $1.40 by December, compared with $1.36 before last week.
2007 Economic Growth
``The fundamental picture has deteriorated quite materially for the dollar,'' said Jens Nordvig, a New York- based analyst for Goldman Sachs.
The dollar reached an all-time low of $1.3852 on July 24.
The U.S. economy is forecast to expand 2 percent this year, according to a Bloomberg News survey published Aug. 9. That's 0.1 percent lower than the July forecast.
The yen dropped against all of the 16 most active currencies this week as traders returned to carry trades after the Bank of Japan on Aug. 23 kept its benchmark borrowing cost at 0.5 percent, the lowest among major economies.
Japan's key rate compares with 4 percent in the euro region, 11.5 percent in Brazil and 8.25 percent in New Zealand. The Swiss franc, another source of funding for the carry trade, fell 0.9 percent against the euro this week. Switzerland's benchmark rate is 2.5 percent.
350zCommTech
Well-known member
Yes, a drop in the dollar is good for the I fund price. A .50% drop in the dollar is a .50% gain for the I fund. But for the markets, it's a little bit more complicated. Right now, the dollar index is hovering around 80. It's a long term support. You don't want to see it drop below that. You also don't want to see it drop too much, too fast against the Yen.
12%ayear
Well-known member
right, last time in Feb., the Dollar got crushed and the I Fund also. Too fast is no good because that inspires a global sell-off with the OSMs and USMs
MR_BOOOOM
Member
That is correct but I look at it a different way.
Maybe someone else can back me up on this one also... "Selling today is good, your getting paid more than it's worth".
Factually that is correct but, in my little experience, when there is large jump between 11:36 and close creating a +FV, the OSM's explode the following night/day. So if you sell, you usually miss out on a big gain. Even after the FV is factored in.- Status
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