350Z's I Fund Thread - Sept. 07

[Robo5555]

I don't think it would be much more than 1%. Expect a short term turn around Monday or Tuesday in the USM.

 

[dell]

How does anyone expect the I fund to fare Monday given how the US market performed Friday?

 

[Aspiration]

I'm thinking in line with Robo5555. Although I think Japan will drag down our profits a bit more than robo, I, too, think the USM will come through and rally Europe in the last few hours of their trading day enough to give us a decent profit.


Now the waiting period before the action :worried:

 

[Robo5555]

I'm thinking in line with Robo5555. Although I think Japan will drag down our profits a bit more than robo, I, too, think the USM will come through and rally Europe in the last few hours of their trading day enough to give us a decent profit.


Now the waiting period before the action :worried:

I agree. I'm "all in" S fund for Monday. Moved in Friday night from the G fund. Think the S fund is a better play for Monday. If it works out I'll move back to the I fund Tuesday.....still too early to make that call.

 

[CopterDoc]

I'm playing it safe for right now sitting in the G Fund. I'm looking for a drop Monday... (buy opportunity).
Check Sunday night: http://uk.finance.yahoo.com/m2
Scott

 

[buda]

NZ, Australia and Japan all look rough...should the I Funders be worried at this point or is it too early to tell?

 

[clester]

Will it carry over to US? It will be interesting.

 

[Robo5555]

Still to early...we knew if was going to be down after Fridays USM.

 

[eccougar]

Nikkei is down over 2.5%.

 

[Aspiration]

I actually think it's getting less awful as we sit here. The yen is losing value to the dollar, and that is a good thing for the carry trade. A good thing for the carry trade will eventually spill over to the OSMs.

 

[Robo5555]

I actually think it's getting less awful as we sit here. The yen is losing value to the dollar, and that is a good thing for the carry trade. A good thing for the carry trade will eventually spill over to the OSMs.

Eventually is the key word. We need a lil more action for the short game.

 

[McDuck]

Nikkei is down over 2.5%.

Say it ain't so, Joe.

The S&P futures is also down 1.5%.

 

[Aspiration]

I think we'll get your action after the USM opens. In the meantime, we just need to hope for a limited loss in Japan...

 

[350zCommTech]

I actually think it's getting less awful as we sit here. The yen is losing value to the dollar, and that is a good thing for the carry trade. A good thing for the carry trade will eventually spill over to the OSMs.

Actually, after the initial spike at the open(4 hours ago), the Yen has been relatively flat.

The good news for the carry trade tonight was the downward revision to Japan's GDP. It was revised down from .5% to -1.2%. This was not good news for Japan's economy, but it basically put aside any possibility of a rate hike at their next meeting. If the revision had been up, the Yen would have continued to rise putting more pressure on the Yen carry trade.

A lot of what were seeing now is the lag affect from the Yen's rise on Friday.

 

[James48843]

Japan now down

8.49 (-2.71%)

Yen touches 112.8 yen to the dollar before inching back above 113.3

 

[Robo5555]

I think we'll get your action after the USM opens. In the meantime, we just need to hope for a limited loss in Japan...

I hope so...

 

[350zCommTech]

I see a rally attempt. Let's see if the Nikkei responses.

 

[Robo5555]

Good night all. See you in the morning.

 

[350zCommTech]

Good night all. See you in the morning.

Good night and sleep tight...

 

[buda]

Who needs sleep?