350Z's I Fund Thread JAN 08

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350zCommTech said:
Cramer just said, "financials should be bought...".

LOL!!!!!!! What a crook!!!!!

Folks, follow that advice and you will pay big for it...


ABK and MBIA downgrades are imminent.
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CNBC just talked about it and it sounds like the downgrades could come today. F#@%$@#%@#%$#$$#%#^%$

Maybe they can hold of until after the bell.....:mad:
 
DCguy said:
.5% cut should be good for the stock market
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no..it is very bad.Why? because they will spin it. It will cause alarms to go off that the Fed is worried and the cuts are too fast and too much. They cannot go back to 1% because of inflation.

fed_rate_moves_3_small.gif
 
IMO..we will close red even though they cut.50%. We are up rght now.+117 Watch the pros step in. ....posted at 2:26pm today. I knew how they would react.Pros shorted everything and my QIDs too-off.:)
 
12%ayear said:
IMO..we will close red even though they cut.50%. We are up rght now.+117 Watch the pros step in. ....posted at 2:26pm today. I knew how they would react.Pros shorted everything and my QIDs too-off.:)
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I thought so also. Good call 12
 
350zCommTech said:
Not sure where you got that.

EAFE = -.74% or down 16 cents
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The dollar fell off a cliff on the Fed cut. It's good enough for a 13 cent +FV.

Total could be -3 cents if Barclay does a +FV.

With the market ending pretty much where they were prior to the deadline, they should do a +FV. The big problem is the big reversal this afternoon. It might cancel out the +FV. I hope not.:worried:

Either way, I'm glad I got out. I see a big sell-off tomorrow.
 
the decider said:
why do you see selloff tomorow? all funds or just i or c...

thks
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Sell-off in all except the F fund.

Technically, all the charts are bearish. Big reversal in the afternoon, failing to close above the 20dma, etc....

That and just about everything I've been saying about the bond insurers for the last 2 weeks. MBIA and ABK downgrades are imminent. This afternoon's sell-off was due to Fitch downgrading FGIC, a small bond insurer.

Also Fed cut .50% and they won't meet again for a while.
 
Ouch!

Big Japan banks' subprime losses seen at $4.7 bln
Nikkei: fiscal year losses to total nearly 30% of combined projected profits

By MarketWatch
Last update: 4:42 p.m. EST Jan. 30, 2008

SAN FRANCISCO (MarketWatch) -- Japan's four biggest banks face 500 billion yen ($4.7 billion) in losses associated with U.S. subprime mortgages in the current fiscal year through March 31, according to a published report

http://www.marketwatch.com/news/sto...AA-618E-402F-B019-BD41B0A63F3D}&dist=hplatest
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You know I kind of look at this thing like the pumper truck coming to flush out your SEPTIC TANK, you have to put up with a lot of crap, but it 's worth it in the end! A good flush is what the world economy needs!
Southern logic!:cool:
View attachment 3178
 
350zCommTech said:
The dollar fell off a cliff on the Fed cut. It's good enough for a 13 cent +FV.

Total could be -3 cents if Barclay does a +FV.

With the market ending pretty much where they were prior to the deadline, they should do a +FV. The big problem is the big reversal this afternoon. It might cancel out the +FV. I hope not.:worried:

Either way, I'm glad I got out. I see a big sell-off tomorrow.
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350z, I think they will not have a +fv tonight based on the sell-off. They are trying to keep us away from the I Fund. lol
 
350zCommTech said:
The dollar fell off a cliff on the Fed cut. It's good enough for a 13 cent +FV.

Total could be -3 cents if Barclay does a +FV.

With the market ending pretty much where they were prior to the deadline, they should do a +FV. The big problem is the big reversal this afternoon. It might cancel out the +FV. I hope not.:worried:

Either way, I'm glad I got out. I see a big sell-off tomorrow.
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Up 1 cent today.:) MSCI EAFE = -.74% or -17 cents.

Looks like they might have done an 18 cent +FV, or

Perhaps the I fund got back the missing 5.5 or 6 cents from yesterday? which would make today's +FV only 12 cents?

Since I've never seen a FV of 5.5 or 6 cents. I'll have to say that today's +FV was 18 cents. We'll find out for sure tomorrow, unless there's another FV.:rolleyes:
 
12%ayear said:
wow..Enron accounting I FUND + and F FUND -:confused::confused:
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Maybe, we'll know for sure tomorrow, unless they do another FV. The missing 6 cents from yesterday might have been some kind of an accounting mistake, since I've never seen a FV that small. If that turns out to be the case, then it's fraud. Folks that got out yesterday got screwed. A pricing mistake should have been corrected on the same day, like what happened in January 07.

Tomorrow, if we see an 18 cent +FVC, then the missing 5/6 cents might have been an admin cost deduction.

But, If we see a 12 cent +FVC, then the missing 5/6 cent was probably a pricing error that was corrected today. This would be fraud.
 
Japan and AUS erased their 2% early drop.

MBIA Announces Closing and Funding of $500 Million Investment from Warburg Pincus; David A. Coulter and Kewsong Lee Join Board of Directors; Richard Walker Resigns from Board to Avoid Potential Conflict of Interest
Wednesday January 30, 8:06 pm ET

ARMONK, N.Y.--(BUSINESS WIRE)--MBIA Inc. today announced the closing and funding of the sale of 16.1 million shares of its Common Stock at a price of $31 per share for the aggregate amount of $500 million pursuant to its Investment Agreement with Warburg Pincus. The stock sale is part of Warburg’s previously announced commitment to invest up to $1 billion in MBIA. In connection with its investment, Warburg has received 16.1 million warrants, as previously described.

MBIA also said that David A. Coulter, a Warburg Pincus managing director who leads the firm's Financial Services investment activities, and Kewsong Lee, a Warburg Pincus managing director and member of the firm's Executive Management Group, have been appointed to the MBIA board of directors. Richard Walker, who has been a board member since September of 2006 and is the General Counsel of Deutsche Bank, has resigned from MBIA’s board of directors effective January 30, 2008 in order to avoid any possible appearance of a potential conflict of interest in light of the ongoing discussions among the New York State Superintendent of Insurance, the banking industry and the monoline financial guarantee insurance industry.

The rest here:http://biz.yahoo.com/bw/080130/20080130006403.html?.v=1
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In reality, the $500M won't do jack. MBIA reports tomorrow morning. This cash infusion will probably hold off the downgrade for a week or more.
 
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