350Z's 2007 I Fund Thread

[Rod]

Re: 350Z's I Fund Thread-Feb07

Uncle Ben will be speaking shortly... hopefully he says some good words, then it's off to (G) for the weekend!

 

[NyteTracker]

Re: 350Z's I Fund Thread-Feb07

$ is UP by .06

For you newbies lurking, when the $ is up, that is normally not good for the (I) fund but positive for USM (US Markets) if it's steadily up.

You can watch it here:

http://finance.yahoo.com/q?s=DX-Y.NYB

It's still rather shaky

Thanks for the link.
Clueless on what to do for Monday

 

[350zCommTech]

Re: 350Z's I Fund Thread-Feb07

I think what I am seeing is that we still have a ways to go on the downside. There is still the momentum on the downside.

Much of that money will not return until they see some solid foundation below.

My take- still another five percent on the downside, world wide, over the next couple days, until things caml down.

I agree with you. Here Jim K.'s take on the Yen carry trade:

"The unwinding of the Yen carry trade (and I promise I will have more on that later when I have time) means a weaker dollar and makes a futures re-entry at $650 on gold almost irresistible and it almost triggered my buy this morning. As for the stock market, until there is greater clarity on the Yen situation, the stock market will be hobbled. The formula is simple: If hedge funds are being forced to cover Yen shorts, that means funding is disappearing for higher returning investments around the globe. Things like the weak Dell outlook (but a return to 20 seems assured in the days ahead) are just perverse little side shows vs the unfolding main attraction of the carry trade drama.

Here's a scary thought. Monty Guild at http://www.jsmineset.com/ thinks there's upside to 114 to 109 on the Japanese Yen. And a good friend who is a CMT at a leading market maker on Wall Street is telling his team that the Yen would need to rise to 113 to really clean out alot of the carry trades. My spot analysis is that 113 and especially up to 109 would whoop the U.S. stock market. That would also be positive for bonds and I am looking at bond futures entry this morning.

So Yen is the thing to really watch not only today but in the days ahead."

http://buttonwood1792.blogspot.com/

Folks should read the articles posted by Ichiro this morning. It looks like things will get worst.

 

[sugarandspice]

Re: 350Z's I Fund Thread-Feb07

It looks to me like the USM wants to make a run but can't quite do it. I think it will make good next week over all but I really feel more down is coming before it gets better. Like late May we will be seeing new highs. It will be a traders true test the next few months. Let's see what we go.

 

[12%ayear]

Re: 350Z's I Fund Thread-Feb07

I am staying in the I. The world markets are way overdone/oversold. I know I sound like a broken record the last few days. But I am sticking to my plan. Hate to move it and miss the rally.

 

[Rod]

Re: 350Z's I Fund Thread-Feb07

I am staying in the I. The world markets are way overdone/oversold. I know I sound like a broken record the last few days. But I am sticking to my plan. Hate to move it and miss the rally.

This is what I kept saying in May and rode the sucker all the way down.

 

[roguewave]

Re: 350Z's I Fund Thread-Feb07

I am staying in the I. The world markets are way overdone/oversold. I know I sound like a broken record the last few days. But I am sticking to my plan. Hate to move it and miss the rally.

I'm not sure you quite understand how the Japanese CB could use a strong yen to whip up on the hedgies (Japanese exporters be damned) instead of using their interest rate club. I wish you luck.

 

[Rod]

Isn't Ben supposed to be speaking now???

 

[Rod]

Humm... my spreadsheet is showing a 7 hour delay w/ Yahoo.

How about anyone else?

 

[FundSurfer]

Thanks for the Yahoo DX symbol. Yahoo did not have NYBOT tickers for the longest time. I have a new favorite link as a result. Here is a modified Yahoo link which has S&P, Wilshire 4500, EFA, DX, and AGG similar to the one on Tom's home page.

http://finance.yahoo.com/q?s=^gspc+^dwcpf+efa+DX-Y.NYB+agg&d=t

 

[Rod]

Delay is about 3 hours now.

 

[NyteTracker]

Yen Chart:
http://www.weblinks247.com/exrate/24hr-jpy-large.gif

 

[Rod]

Here's mine, w/ a bunch of other junk:

http://finance.yahoo.com/p?v&k=pf_2

 

[poolman]

EFA gapped down .49 cents from yesterday's close and seems to be holding it's own. Very short term, I'm seeing a relief rally coming soon. And hoping it will carry to osm's.

http://www.marketwatch.com/quotes/efa?dist=mktwstoryquote

 

[350zCommTech]

Yen Chart:
http://www.weblinks247.com/exrate/24hr-jpy-large.gif

View attachment 1453


The same thing happened yesterday.

 

[350zCommTech]

Down .374% or 9 cents.

 

[NyteTracker]

View attachment 1453


The same thing happened yesterday.

Are you staying in?

 

[350zCommTech]

Are you staying in?

No. I'm going to F.

 

[NyteTracker]

No. I'm going to F.

Ok, Thanks

 

[Rod]

Perhaps we'll still see an afternoon bounce.