350Z's 2007 I Fund Thread

[12%ayear]

watch out on that Euro,way overbought. IMO. Dollar is also oversold with the Yen, but not as much. Gl

 

[350zCommTech]

Is there any way to determine which way the FV will go. Like last week we had two and the last one was negative. Should the next be positive?

It doesn't work that way. FV is done on a day to day basis. It all depends on how the market behaves after 1200 est.

 

[James48843]

Opens about a nickle lower.

 

[350zCommTech]

watch out on that Euro,way overbought. IMO. Dollar is also oversold with the Yen, but not as much. Gl

Yes, the dollar is oversold against the Yen. But lately, it's very unpreditable and has not been reacting to fundamentals or technical reasons, unlike the Euro and the Pound. My guess is that it's being manipulated by the PPT. They are trying hard not to cause panic. Just look at what happened yesterday. The USM recovered most of the morning's losses due to the bounce in the USD/YEN, after the initial drop on the new home sales data. The only explaination for the bounce of the USD/YEN was the PPT at work.

 

[jayhawker]

Early estimate: -.25 or -6 cents.

The damage is done in the East, Europe is mixed, the dollar has dropped in the last few minutes. Outlook is... vague. :blink:

 

[jayhawker]

11:40 estimate: -.22 or -5 cents.

 

[jayhawker]

EAFE final: -.253 or -6 cents.

 

[GGal]

Good for I fund this summer?


NEW YORK (Reuters) - The U.S. Gulf Coast, which is still rebuilding almost two years after Hurricane Katrina, faces a renewed threat of powerful storms this year, private forecaster AccuWeather said on Tuesday.


After a quiet hurricane season last year, Florida and other Gulf Coast states likely will be hit with fewer storms than during the active 2005 season, which spawned the massive hurricanes Katrina and Rita, AccuWeather said.

But the storms forecast for the region will pack a punch.

"We will not get anywhere near the amount of storms that we did in 2005, but the intensity of the storms we do get will be of major concern," Joe Bastardi, chief hurricane forecaster for AccuWeather.com, said in a statement.

British forecasting group Tropical Storm Risk this month also predicted an active storm season. It forecast four "intense" hurricanes during the 2007 season, which runs from June through November.

The predictions spell trouble for areas still recuperating from a chain of hurricanes that slammed the Gulf Coast in 2005.

"The entire region -- including New Orleans and other areas that are still rebuilding after Katrina -- is susceptible to storms," Bastardi said.

Katrina killed about 1,500 people along the Gulf Coast in 2005, displaced tens of thousands more and caused billions of dollars in damage.

Bastardi also said that storms forecast to hit this year could once again disrupt oil and natural gas operations along the Gulf Coast, driving up energy prices for consumers.

"This year's stronger storms are likely to be the kind of disruption that will be felt in wallets and pocketbooks," he said.

U.S. gasoline prices reached a record high of $3.057 per gallon after Katrina, which caused oil refineries to shut down and companies to evacuate workers from oil and gas producing rigs in the Gulf.

After Hurricane Rita hit the region a month after Katrina, as much as 14 percent of U.S. refinery capacity was shut and about 80 percent of crude oil and 66 percent of natural gas production were down for months.

Bastardi also predicted the U.S. Northeast would likely be a target for strong storms for the next 10 years.

"Last year, the Northeast may have dodged a bullet but, unfortunately, you can only be lucky for so long. We are in a pattern similar to that of the late 1930s through the 1940s, when the Northeast was hit by two major storms," he said.

The relative calm of last year's hurricane season, which forecasters had mistakenly predicted would be busy, came on the heels of a record 28 storms and 15 hurricanes in 2005 and only a slightly less furious season in 2004.

Bastardi said that, despite the milder 2006 season, the trend was toward strong hurricanes and tropical storms.

"We are living in a time of climatic hardship," Bastardi said. "We're in a cycle where weather extremes are more the norm and not the exception."

 

[weatherweenie]

I just can't take anyone with the last name of Bastardi seriously. Not to mention, inAccuweather is a joke!

Good for I fund this summer?


NEW YORK (Reuters) - The U.S. Gulf Coast, which is still rebuilding almost two years after Hurricane Katrina, faces a renewed threat of powerful storms this year, private forecaster AccuWeather said on Tuesday.


After a quiet hurricane season last year, Florida and other Gulf Coast states likely will be hit with fewer storms than during the active 2005 season, which spawned the massive hurricanes Katrina and Rita, AccuWeather said.

But the storms forecast for the region will pack a punch.

"We will not get anywhere near the amount of storms that we did in 2005, but the intensity of the storms we do get will be of major concern," Joe Bastardi, chief hurricane forecaster for AccuWeather.com, said in a statement.

British forecasting group Tropical Storm Risk this month also predicted an active storm season. It forecast four "intense" hurricanes during the 2007 season, which runs from June through November.

The predictions spell trouble for areas still recuperating from a chain of hurricanes that slammed the Gulf Coast in 2005.

"The entire region -- including New Orleans and other areas that are still rebuilding after Katrina -- is susceptible to storms," Bastardi said.

Katrina killed about 1,500 people along the Gulf Coast in 2005, displaced tens of thousands more and caused billions of dollars in damage.

Bastardi also said that storms forecast to hit this year could once again disrupt oil and natural gas operations along the Gulf Coast, driving up energy prices for consumers.

"This year's stronger storms are likely to be the kind of disruption that will be felt in wallets and pocketbooks," he said.

U.S. gasoline prices reached a record high of $3.057 per gallon after Katrina, which caused oil refineries to shut down and companies to evacuate workers from oil and gas producing rigs in the Gulf.

After Hurricane Rita hit the region a month after Katrina, as much as 14 percent of U.S. refinery capacity was shut and about 80 percent of crude oil and 66 percent of natural gas production were down for months.

Bastardi also predicted the U.S. Northeast would likely be a target for strong storms for the next 10 years.

"Last year, the Northeast may have dodged a bullet but, unfortunately, you can only be lucky for so long. We are in a pattern similar to that of the late 1930s through the 1940s, when the Northeast was hit by two major storms," he said.

The relative calm of last year's hurricane season, which forecasters had mistakenly predicted would be busy, came on the heels of a record 28 storms and 15 hurricanes in 2005 and only a slightly less furious season in 2004.

Bastardi said that, despite the milder 2006 season, the trend was toward strong hurricanes and tropical storms.

"We are living in a time of climatic hardship," Bastardi said. "We're in a cycle where weather extremes are more the norm and not the exception."

 

[12%ayear]

From CNN

U.S. crude oil futures spike $5.18 to $68.09 a barrel after-hours on rumors of increased hostilities between Iran and Britain

 

[weatherweenie]

Re: From CNN

U.S. crude oil futures spike $5.18 to $68.09 a barrel after-hours on rumors of increased hostilities between Iran and Britain

What's the source of that story/headline?

I'm not finding that anywhere.

 

[12%ayear]

It was just on breaking news on CNN.COM. Look at the futures, they are all down because of that. I think it will work its way out and markets rally tomorrow. Here look at the prices http://www.bloomberg.com/energy/

 

[12%ayear]

I bet markets will rally 3-28,the shorts will get trapped. Perfect set-up for shorts to get killed. This is how money is made. All the negative news brings them out in full force. Then the hedge funds start buying. 3 days for window dressing .

 

[12%ayear]

relief on that oil spike news just http://money.cnn.com/2007/03/27/markets/oil_spikes/index.htm
NEW YORK (CNNMoney.com) -- U.S. crude futures spiked over $5 a barrel in electronic trading late Tuesday on rumors that Iran fired on U.S. Navy warships.
Crude gave up most of those gains according to one trader after reports of a confrontation were denied.
Video

More video

British PM Tony Blair demands Iran release UK sailors. CNN's Robin Oakley reports (March 26)Play video




U.S. light crude for May delivery jumped $5.18, or about 8 percent, to $68.91 a barrel in electronic trading before settling back down to $64.40, $1.47 above Tuesday's closing price on the New York Mercantile Exchange.
"We have no information at this time that an incident has taken place in the Gulf," Gordon Johndroe, a spokesman for the National Security Council, said about reports of a confrontation between Iran and U.S. Navy warships.
"This just illustrates how this market is on tender hooks regarding the situation in the Gulf," said Andy Lebow, a broker at Man Financial in New York.

 

[12%ayear]

Sorry about the picture below. Anyway, looks much better now. Futures down a tad, but still early. Looking for a bounce tomorrow. More QQQQs buyers after hours on that dip. PS////Mar 288:30 AMDurable Orders

 

[sugarandspice]

G--
F-.01
C-.10
S-.12
I-.03

 

[350zCommTech]

EAFE final: -.253 or -6 cents.

G--
F-.01
C-.10
S-.12
I-.03

What the ????

 

[FundSurfer]

What the ????

Oil stocks spike? Can't figure that one out either. Dollar was about even. EAFE moved sideways. Maybe they screwed up the calculation again.

 

[jayhawker]

A 3 cent +FV? That's a gift! :nuts:

 

[ebbnflow]

What the...? We'll take it! With all the systems based on price, price movements...hmmmm. They must be trying real hard to throw us off. :blink: