350Z's I Fund Thread - Sept. 07

[Gilligan]

The Nikkei 300 closed down -1.59% which could be due to Typhoon Fitow. According to the Weather Channel, Fitow is expected to make landfall early Thursday morning (Eastern time) or late Thursday night (Tokyo time) along the southern coast of Japan just west of Tokyo.

http://www.weather.com/maps/news/atlstorm6/westpacsat_large.html

 

[James48843]

Nikkei down

5.10 (-1.59%)

FSTE down

3.00(-0.05%)

CAC down

25.29(-0.45%)

DAX down

20.67(-0.27%)

 

[12%ayear]

Early estimate...-13 cents + -13 cents= -.26 @1.12%.....I was wrong about Japan last night. At any rate, it all comes down to the number at 10:00 am Real Estate Sales and the Fed Biege Book. Still have a good feeling and staying in the I Fund ...3 down days for the Nikkei...hmmmm...Anyway...gl guys and gals.

 

[Jonathan]

Early estimate...-13 cents + -13 cents= -.26 @1.12%.....I was wrong about Japan last night. At any rate, it all comes down to the number at 10:00 am Real Estate Sales and the Fed Biege Book. Still have a good feeling and staying in the I Fund ...3 down days for the Nikkei...hmmmm...Anyway...gl guys and gals.

For me, the fact that real estate sales data came out today was a reason to get out of equities We're no where near done with the subprime mess...although, of course, bad sales data might be taken by the market as a sign the fed will lower rates, so who knows?

 

[weatherweenie]

Originally Posted by 12%ayear
Japan is going to explode tonight!!

Explode to the downside??

Maybe he meant implode?

 

[fedgolfer]

Ebb, thank you for the FV steal. A pleasant suprise when I logged on this AM. Hopefully the F-call pans out too. Looks like another good chance to put the whipsaw on the market instead of vice versa!!!

 

[Robo5555]

Futures are down. Does not mean much on this volatile market. Todays housing data will be a huge player. Apple gets some kudos and a possible new Ipod line may boost the market in the near future.

 

[Frixxxx]

Early estimate...-13 cents + -13 cents= -.26 @1.12%.....I was wrong about Japan last night. At any rate, it all comes down to the number at 10:00 am Real Estate Sales and the Fed Biege Book. Still have a good feeling and staying in the I Fund ...3 down days for the Nikkei...hmmmm...Anyway...gl guys and gals.

I am wiping the egg off my face too....oh well. Guess Japan needs another night to sleep on it!

 

[Robo5555]

Frixx....maybe the storm news are adding to the problem.

 

[350zCommTech]

I am wiping the egg off my face too....oh well. Guess Japan needs another night to sleep on it!

Frixx....maybe the storm news are adding to the problem.

It's all about the Yen...

 

[12%ayear]

Still very early. I would not be surprised to see the USMs turn and go green. The 10:00 number is the key. Real Estate Sales. OSMs are oversold.

 

[James48843]

Not looking good.

Job growth WAY below expectations.

Now showing down -.32 cents.

 

[Robo5555]

Still very early. I would not be surprised to see the USMs turn and go green. The 10:00 number is the key. Real Estate Sales. OSMs are oversold.

Well...they need to get on the ball then. Is looking pretty bad....DOW is down 125 points.

 

[350zCommTech]

Remember our little discussion 2-3 weeks ago?

Citigroup's 'conduit' exposure questioned
Another big bank faces investor unease over vehicles' potential losses

By John Spence, MarketWatch
Last Update: 9:47 AM ET Sep 5, 2007


BOSTON (MarketWatch) - It was Citigroup Inc.'s turn on Wednesday to face pressure as investors raised questions about the financial giant's exposure to off-balance-sheet "conduits" that issue commercial paper which have caused problems at global rivals.

Recently, conduits and structured investment vehicles, or SIVs, that issue asset-backed short-term debt have come under pressure. The commercial paper, which is used to meet funding needs, is backed by various types of investments such as credit cards, auto loans and, most importantly, mortgages.
Banks don't provide much information on the assets held by the third-party conduits, which is fueling uncertainty and investors' fears over potential losses from the vehicles. Banks often administer the conduits and collect fees from managing the assets.
http://www.marketwatch.com/news/sto...x?guid={7F07303D-65AF-49FD-B734-010A864D8F93}

 

[12%ayear]

Well...they need to get on the ball then. Is looking pretty bad....DOW is down 125 points.

like I said the 10:00 number was key. Sales were bad...hence the sell-off

 

[Jonathan]

Not looking good.

Job growth WAY below expectations.

Now showing down -.32 cents.

Yep -- and July home sales were abysmal. And that was BEFORE the real bad subprime news hit.

 

[350zCommTech]

Current estimate: Down .941% or -23 cents, minus 13 cents +FVC = -36 cents.

 

[Robo5555]

like I said the 10:00 number was key. Sales were bad...hence the sell-off

I feel bad for you 12%. Is part of the game.....you'll be raking in profits in no time. Is all about risk....win some....lose some.

 

[12%ayear]

I feel bad for you 12%. Is part of the game.....you'll be raking in profits in no time. Is all about risk....win some....lose some.

No reason to feel bad, trust me. Been trading stocks since late 80s..lol..doing quite well. This is only one part of many in my retirement accounts. Still early and the bell rings at 4:00..lol Thanks for caring

 

[12%ayear]

Do not forget the powerful Beige Book comes out this afternoon. It will show that the economy has slowed down. This will spark a rally because the FED now has the power to start to cut rates.