350Z's 2007 I Fund Thread

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Good to see you back on the board. :)
It's been awhile.
GL.
Unfair Valuation Tally

04/12/07 I-fund -0.084% MSCI -0.073%
04/13/07 I-fund 0.794% MSCI 0.240% <= UFV 0.554%
04/16/07 I-fund 0.705% MSCI 1.262% <= UFV -0.557%
04/17/07 I-fund 0.207% MSCI 0.17%
04/18/07 I-fund 0.124% MSCI 0.112%
04/19/07 I-fund -0.582% MSCI -0.599%
04/20/07 I-fund 0.825% MSCI 0.816%
04/23/07 I-fund -0.165% MSCI -0.215%
04/24/07 I-fund -0.373% MSCI -0.366%
04/25/07 I-fund 0.454% MSCI 0.399%
04/26/07 I-fund -0.083% MSCI -0.139%
04/27/07 I-fund -0.249% MSCI -0.258%
04/30/07 I-fund -0.583% MSCI 0.080% <= UFV -0.663%
05/01/07 I-fund 0.208% MSCI -0.499% <= UFV 0.707%
05/02/07 I-fund 0.579% MSCI 0.518%
05/03/07 I-fund 0.041% MSCI 0.045%
05/04/07 I-fund 0.820% MSCI 0.75%
05/07/07 I-fund 0.732% MSCI 0.707%
05/08/07 I-fund -1.111% MSCI -1.096%
05/09/07 I-fund 0.573% MSCI 0.508%
05/10/07 I-fund -1.705% MSCI -0.905% <= UFV -0.800%
05/11/07 I-fund 0.988% MSCI 0.201% <= UFV 0.787%
05/14/07 I-fund 0.164% MSCI 0.125%
05/15/07 I-fund 0.246% MSCI 0.237%
05/16/07 I-fund -0.329% MSCI -0.364%
05/17/07 I-fund -0.330% MSCI -0.326%
05/18/07 I-fund 0.534% MSCI 0.504%
05/21/07 I-fund 0.000% MSCI -0.132% <= UFV 0.132%
05/22/07 I-fund 0.246% MSCI 0.259%
05/23/07 I-fund 0.813% MSCI 0.811%
05/24/07 I-fund -1.443% MSCI -0.896% <= UFV -0.547%
 
I still don’t get it why the markets dropped out so much on Thursday after the good economic numbers Thursday morning. I think timid investors were jumping out prior to the weekend to reduce their risks for any geo political events and taking their profits off the table. But, then Friday rolls in with bad economic reports and investors ran up the markets?? I don’t understand either move, but markets move all over, tough part is predicting them. Anyway, I decided to jump into the “I” Fund to take advantage this USM move that might carry into the OSM.

I might have lucked out moving back into the “I” fund. I had a major loss yesterday of .35 per share. I’m not good at predicting the share prices for the “I” fund, but I think it might be:

http://www.mscibarra.com/products/indices/stdindex/performance.jsp
EAFE -.295 (-.07 cents per share) + a positive FV .55% (+.13 cent per share)
So, 24.26 – 7 EAFE + .13 FV = 24.32 (Share price increased about .25%)

Or
http://www.bloomberg.com/apps/quote?ticker=EFD:IND
EAFE -.326 (-..8 cents per share) + a positive FV .55% (+.13 cents per share)
So, 24.26 - .08 EAFE + .13FV = 24.33 (Share price increased about .29%)

By getting back into the pool, it helped by reducing my future loss by roughly 1 percent. Anyway, I see a lot of folks jumping into the “I” fund pool too, so that’s good. Japan should be open on Sunday and Monday, but most other Euro markets are closed on Monday, so, it will be very interesting to watch the Japan markets move. Everyone have a great weekend and good luck with your TSP investments!:cool:
 
I think investors still don't know if they want a strong economy and flat to higher rates, or a weaker economy with hopes of lower rates.

So right now it appears strong economic data is bad news for stocks, and weak data is good news. That will change. The Fed won't cut rates until things look bad. So, the fact that we are stuck somewhere in the middle, leaning one way, then the other, could mean we are in that "perfect storm" we keep hearing about.
 
I still don’t get it why the markets dropped out so much on Thursday after the good economic numbers Thursday morning. I think timid investors were jumping out prior to the weekend to reduce their risks for any geo political events and taking their profits off the table. But, then Friday rolls in with bad economic reports and investors ran up the markets?? I don’t understand either move, but markets move all over, tough part is predicting them. Anyway, I decided to jump into the “I” Fund to take advantage this USM move that might carry into the OSM.


Here is what I think happened:

What happened today appears to have been just profit taking. Looking at todays' modest rise in the Yen, I don't see any trouble, yet. As I said earlier today, the key will be the Shanghai stock market. If the Yen remains stable or falls tonight, Shanghai will be OK and the USM will probably bounce tomorrow afternoon or Tuesday.

The Yen has fallen nicely overnight as Shanghai shrugged off the USM sell-off. Looks like a rebound is in the air.

I have a feeling the UK and the rest of Europe will be green on Tuesday. Japan should have a nice reaction to the bounce in the
USM and the weak Yen, on Sunday night.
 
I think investors still don't know if they want a strong economy and flat to higher rates, or a weaker economy with hopes of lower rates.

So right now it appears strong economic data is bad news for stocks, and weak data is good news. That will change. The Fed won't cut rates until things look bad. So, the fact that we are stuck somewhere in the middle, leaning one way, then the other, could mean we are in that "perfect storm" we keep hearing about.
Tom, did you read my post yesterday about the perfect storm? I also think it will happen. I went to the I Fund until Tuesday, then I will pullout. Markets are ticking and when China falls, all will crumble.
 
Aviator Guy,
I thought the same thing, but apparently the good ED was just on the surface. New Home sales were up the largest amount in 14 years, but did not full recover from the huge losses before. Also, the price of the homes dropped a huge amount. Durable good did rise but missed expectation. To the market this removed any chance of a rate reduction.

Apparently it was all about rats.............I mean rates.
 
05/24/07 I-fund -1.443% MSCI -0.896% <= UfV -0.547%
05/25/07 I-fund 0.288% MSCI -0.295% <= UfV 0.583%
 
http://www.dailyfx.com/story/dailyf...l_Next_Week_Spell_1180125834579.html......key Although FOMC minutes will play a part in price action, the contribution is seen as quite minimal as policy makers have been rather transparent lately on any near term rate cuts. Subsequently, consensus estimates are looking once again for six-figure employment growth and stable expansion in the world’s largest economy. These reports, should they be to the downside, will definitively overshadow the rest of the week’s docket, spelling disaster for the US dollar
 
Besides the Shanghai market appearing to stabilize, it looks like the CBOE put/call ratio is staying fairly well behaved, unlike it was a couple of days before the Feb 27th correction (too bad I wasn't watching it then.)
http://stockcharts.com/charts/performance/perf.html?$CPC

On the negative side, the 20SMA for the dollar is moving upwards towards a crossover with the 50SMA. Seems like these kinds of crossovers can cause some responses that aren't always pleasant.

Changed my mind. Found two more charts that look VERY ugly to me.

In case there is a remote chance that someone read my earlier post and was persuaded to believe this chart was postive, the two additional charts I've found are:
CBOE PUT/CALL Equities:
http://stockcharts.com/charts/performance/perf.html?$CPCE
CBOE PUT/CALL Index:
http://stockcharts.com/charts/performance/perf.html?$CPCI


The put/call ratio chart link I gave in the quote above (that didn't show a spike) is for TOTAL put/calls. The charts for the EQUITIES put/call (which is what apparently most follow) and the chart for the INDEX put/call (not sure how significant) show spikes on 5/25 and 5/23 respectively. You can see similar spikes a couple days prior to the Feb 27th correction.

Also, the price of the USD crossed its 50SMA on Friday and the 20SMA looks closer to crossing the 50SMA (as I mentioned above). Not good for the I.
http://charts.barchart.com/chart.as...=&ov2=&argj=&argk =&argl=&code=BSTKIC&org=stk
 
This chart shows why we were given a unfair valuation.

UfV052407.jpg
 
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