350Z's I fund thread DEC 07

[350zCommTech]

From: www.dailypfennig.com/currentIssue.aspx?date=12/18/2007

Actually 348 euros is about 500 dollars at the current rate.

LOL....thanks:embarrest:

 

[350zCommTech]

No +FV.


Up 16 cents for today.

New price = 24.09

Up 15 cents to 24.08.

The I fund is now even.

F fund = 5

 

[presskh]

I show the 06 closing price as $22.22 for the I fund...making the YTD 7.69% as Tom shows on the Home page.

You are right - I wrote it down wrong. My bad!

 

[hessian]

350,
Appreciate all your work on the I calculations. Really! seriously! No joke!
Care to make any predictions on I Fund, for tomorrow? thru Fri.? thru Christmas? New Years? -Now just making fun
BTW, any idea what is: Greg's FV History [NO CHAT] Unfair Valuation (UV) Tally?-I'm afraid to ask there about this. :blink:

 

[350zCommTech]

350,
Appreciate all your work on the I calculations. Really! seriously! No joke!

Thank you.

BTW, any idea what is: Greg's FV History [NO CHAT] Unfair Valuation (UV) Tally?-I'm afraid to ask there about this. :blink:

It's just his tally of Fair Valuations and corrections imposed by Barclay on the I fund price relative to drastic U.S. market changes in the afternoon. I would suggest you post this question in his account talk thread to get a more clarified answer.

 

[Show-me]

After the beating Australia has taken, I do not see any real resolve in their market action today.

 

[350zCommTech]

Care to make any predictions on I Fund, for tomorrow? thru Fri.? thru Christmas? New Years? -Now just making fun

I think the selling resumes tomorrow. Today might have been just a bounce in a down trend. GS reported great numbers but they did a sell the news and the market tanked. I've already talked about this in my comments to Poolman.

Thursday:
Bear Sterns report. It can't be good. There is a gap that will get filled at around 1430 on the S&P. That's 25 points away. We also have final GDP, but It's not a market mover. But it might affect the F fund in a negative way.

On the other hand, the BOJ will announce that they will hold their interest rate on Wednesday night/Thursday morning. The Nikkei usually rallies on events like this.

Friday:

No news. Might see a rally since volume will be low.


Christmas:

OSM tends to do well and the dollar tends to fall on holidays when the USM is off.

New Year:

The I fund usually does well on the first day of trading.

 

[Robo5555]

I don't know about you guys but I'm ready for better days!

 

[Robo5555]

...Japan is up so far.

 

[350zCommTech]

I don't know about you guys but I'm ready for better days!

I hear ya. This year sucks for me.

I think once the S&P closes that gap, the Christmas rally will begin.

 

[Corvette]

...Japan is up so far.

The Nikkei looks like flubber today.

down, up, down, up, down, up, up, down, down, up, down

-102 right now

 

[Gaetaone]

Looks like it made up it's mind.. Nikkei down 177 and the $ rising.. Hope it turns around for those in the I fund tomorrow....

 

[Robo5555]

Not looking good so far.

 

[350zCommTech]

Not looking good so far.

Down 6 cents at the moment.

 

[350zCommTech]

Reminder:

The BOJ will hold rates tonight. This is usually positive for the Nikkei, unless it's preceded by a big USM sell-off.

The dollar continues to rise.

Bear Sterns has the potential to tank the markets tomorrow, IMO.

 

[350zCommTech]

Current estimate:

Down 5 cents.

F fund is down 1 cent. Yields have reversed and are now up.

I'm considering the F fund for tomorrow.

 

[350zCommTech]

The minutes from the BOE hints at another rate cut. This is bullish for the dollar.

"The fact that they indicated quite strongly that they would be cutting interest rates again should help, but on the other hand what they point to is the downside risk to the economy," said Chris Iggo, strategist at Axa Investments.
http://www.reuters.com/article/marketsNews/idCAL195188720071219?rpc=44

 

[poolman]

Current estimate:

Down 5 cents.

F fund is down 1 cent. Yields have reversed and are now up.

I'm considering the F fund for tomorrow.

I don't know 350Z, F - Fund does not look that attractive to me at the moment. 10 year yield at the moment 4.11 . Sort of the middle of a trading range.

Was there anything said hinting about a interest rate cut?

 

[350zCommTech]

I don't know 350Z, F - Fund does not look that attractive to me at the moment. 10 year yield at the moment 4.11 . Sort of the middle of a trading range.

Was there anything said hinting about a interest rate cut?

Yeah, thanks for pointing that out. The middle of the range makes the risk too much. It's not worth it. Final GDP is expect to come in at 4.9%. Final GDP is usually on the money. The inflation part might hurt the F fund.

As for the BOE interest rate cut, yes, they basically said they were looking to cut again. Their next meeting is on January 10th.

 

[poolman]

Yeah, thanks for pointing that out. The middle of the range makes the risk too much. It's not worth it. Final GDP is expect to come in at 4.9%. Final GDP is usually on the money. The inflation part might hurt the F fund.

As for the BOE interest rate cut, yes, they basically said they were looking to cut again. Their next meeting is on January 10th.

If I thought I could get into the G without taking a hit I would and I still might Go all G today.

I'm not comfortable with the market. It's Christmas time and No Rally. I think there are way to many problems and the market is going lower after Christmas. :suspicious: