350Z's I Fund Thread - Sept. 07

[McDuck]

However;I see the S Fund being the winner tomorrow.

Would you explain your logic to us on that?

 

[Robo5555]

Japan is up so far....good start for the I fund!

 

[James48843]

Folks- we are experiencing a slight techincal difficulty right now (10:26 pm) with the Autotracker. Our team is working the problem now. Please do not log into autotracker for a little bit. I'll come back on the "Autotracker feedback thread" and let you know when we've solved the issue.

Again, please stay out of Autotracker log in while we are working on it.

thanks

the evening crew.

 

[James48843]

Ok- techincal problem fixed.

You can go look now at the current leaders.
And that you for your patience while we worked out the bug.

the evening crew.

 

[merlin]

What just happened to the Nikkei it was at 44.9 but 144.99. Looking good hope it continues. Anyone have feeling on DAX, CAC, and FTSE for tomorrow?

 

[350zCommTech]

What just happened to the Nikkei it was at 44.9 but 144.99. Looking good hope it continues. Anyone have feeling on DAX, CAC, and FTSE for tomorrow?

I'm not sure what it was yet, but the Yen told me it was coming. The Nikkei is sliding down from there now(back to +12). I would bet that it was carry trade related.

As for the OSM, they'll probably open flat, then start to trend down as profit takers come in, unless there's some good news overnight.

 

[merlin]

I'm not sure what it was yet, but the Yen told me it was coming. The Nikkei is sliding down from there now(back to +12). I would bet that it was carry trade related.

I just saw that it just dropped.

 

[merlin]

Never seen that before. What will happen tomorrow? Who knows the Shadow Hmmm maybe.

 

[merlin]

Something foing on it just drop to -47.08. Oh well.

 

[350zCommTech]

Never seen that before. What will happen tomorrow? Who knows the Shadow Hmmm maybe.

I edited my previous post about tomorrow. Basically, it doesn't look good. I''m gonna go find out what just happen with Japan.

 

[350zCommTech]

I''m gonna go find out what just happen with Japan.

Nikkei turns negative after PM resignation news

Wed Sep 12, 2007 12:21AM EDT

TOKYO, Sept 12 (Reuters) - Japan's Nikkei average turned negative on Wednesday afternoon, reversing a brief rally after news that Prime Minister Shinzo Abe intended to resign. It was down 0.3 percent as of 0415 GMT.

http://www.reuters.com/article/marketsNews/idINTFA00286720070912?rpc=44

 

[350zCommTech]

So, they had a big 2 minute rally after news of his resignation, but then tank a few minutes later because of uncertainty? LOL!

 

[merlin]

Goodnight all, maybe it might turn around.

 

[350zCommTech]

Goodnight all, maybe it might turn around.

Looks like it's trying to.


Good night.

 

[James48843]

Japan turns green once again.

Up

0.69 (+0.22%)

I guess Japan must not be too concerned about PM's anticipated resignation.

 

[350zCommTech]

Japan turns green once again.

Up

0.69 (+0.22%)

I guess Japan must not be too concerned about PM's anticipated resignation.

You're not looking at it real time. The Nikkei 225 is down 59 points as of right now.

 

[350zCommTech]

Wow! The dollar just fell off a cliff. I doubt that the Feds are cutting tomorrow since the 18th is less than a week away. Did Abe say something bad?

 

[Aspiration]

This could get ugly with the dollar dropping. Bloomberg says it has to do with the interest rate differential in the US vs the rest of the world. Adding to this effect are Japanese investors unwinding carry trades in response to the uncertainty of the Japanese PM resigning.


http://www.bloomberg.com/apps/news?pid=20601087&sid=ad3KX7yVdhJo&refer=home

 

[Aspiration]

Now looking slightly less awful. Will the shorts get squeezed today?

 

[350zCommTech]

This could get ugly with the dollar dropping. Bloomberg says it has to do with the interest rate differential in the US vs the rest of the world. Adding to this effect are Japanese investors unwinding carry trades in response to the uncertainty of the Japanese PM resigning.


http://www.bloomberg.com/apps/news?pid=20601087&sid=ad3KX7yVdhJo&refer=home

Yup, the currency market is trying to price in a .50% cut. But as for the Yen carry trade, I'm not seeing signs of that unwinding yet.

It will get ugly when foreigners,like China, start dumping our US treasuries. This will cause real interest rates to rise. This might start to happen if Ben cuts .50% at next Tuesday's meeting.