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I fund for June 08
- Thread starter Corvette
- Start date
- Status
Nikkei falls to 2-month low, exporters sold
Japan's Nikkei stock average was down 2.2 percent on Friday after earlier hitting a two-month low, led down by blue-chip exporters such as Honda Motor Co on a stronger yen, record oil prices and steep losses on Wall Street. Financial shares also slid, with top lender Mitsubishi UFJ Financial Group down 3 percent, after Goldman Sachs forecast more write-downs at Citigroup and Merrill Lynch. A broad sell-off in the Tokyo market, which extended its losses to a seventh day, came after the Dow industrial average .DJI plunged to a 21-month low. The benchmark Nikkei .N225 ended the morning down 307.20 points at 13,515.12, after slipping as far as 13,481.78. The broader Topix index lost 2 percent to 1,317.48.
http://www.reuters.com/article/marketsNews/idCAT30373320080627?rpc=44
Japan's Nikkei stock average was down 2.2 percent on Friday after earlier hitting a two-month low, led down by blue-chip exporters such as Honda Motor Co on a stronger yen, record oil prices and steep losses on Wall Street. Financial shares also slid, with top lender Mitsubishi UFJ Financial Group down 3 percent, after Goldman Sachs forecast more write-downs at Citigroup and Merrill Lynch. A broad sell-off in the Tokyo market, which extended its losses to a seventh day, came after the Dow industrial average .DJI plunged to a 21-month low. The benchmark Nikkei .N225 ended the morning down 307.20 points at 13,515.12, after slipping as far as 13,481.78. The broader Topix index lost 2 percent to 1,317.48.
http://www.reuters.com/article/marketsNews/idCAT30373320080627?rpc=44
James48843
TSP Talk Royalty
- Reaction score
- 822
Asia is blood red overnight.
Japan down over 2%.
Look at the bright side. At least the I fund has no Chinese stocks.
Overnight Shanghai lost over 5%.
The good news- Europe (CAC, FSTE) has opened slightly higher. Perhaps a pause for a day?
Japan down over 2%.
Look at the bright side. At least the I fund has no Chinese stocks.
Overnight Shanghai lost over 5%.
The good news- Europe (CAC, FSTE) has opened slightly higher. Perhaps a pause for a day?
James48843
TSP Talk Royalty
- Reaction score
- 822
I spoke too soon. Now, after opening higher, Europe is falling again, and is now showing all red.
Braveheart
Analyst
- Reaction score
- 12
EAFE final down -$0.12
plus FV Friday (previous) of = +$0.2200= +$0.1000
I think they will find a few more cents to pump those L Funds I would add more to the I either today or Monday. Remember they held back earlier this month and I thought it was close to .12 cents those in the I Fund were ripped off.
Maybe I am wrong but this was about 2 weeks back.
poolman
Top Return 2008
- Reaction score
- 70
Corvette
Market Veteran
- Reaction score
- 38
The I-fund is close to the year low of 21.41. If this does not hold, the I-fund could go as low as 18.30 according to chartists.
I still think we are in the Obama stock market slide.
You usually need a major panic to reach the bottom.
Last edited:
Hi Corvette,
Hard to believe it could go down to below 19.00... I was waiting to get in on Tues as it is getting close to 21 and then just buy and hold: because, it can only go up, doesn't it???
Will keep an eye on your postings Tues and Wed. I always had a special relationship with the I fund and don't want to lose it! Please help!!!!
Just adding a little drama here :laugh:, please don't think I am this crazy, I am retired and in safe haven for now, but I do want to get in when we reach THE BOTTOM. NOW, THAT IS THE QUESTION: WHEN IS IT GOING TO HAPPEN... I will wait, I am a very patient person, good things come to us who know how to wait...
Thank you for your input and your efforts in keeping us up to date on the I. This wait is driving me crazyyyyyy!!!!:nuts:
CorMaGa34
- Status
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