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Or you can now use TapaTalk again!I fund for May 08
- Thread starter Corvette
- Start date
- Status
Birchtree
Well-known member
Japan's economy grew 3.3% in the last quarter, faster than economists estimated, as exports to Asia and emerging markets helped the nation weather the U.S. slowdown. The Nikkei 225 stock average has surged 21% in the past two months. The big slowdown isn't happening. Global demand is strong. Is the I fund finally played out or is there more to go?
HAILSTORM
Member
There is still global upside here...I think that we will see 26.00 in the I fund.
However, the next bubble is in commodities and that bursting will haunt all markets from September 2008 through January 2009, IMHO....
luv2read
Active member
There is still global upside here...I think that we will see 26.00 in the I fund.
However, the next bubble is in commodities and that bursting will haunt all markets from September 2008 through January 2009, IMHO....
Are we talking about the market or the economy? So far this year one has nothing to do with the other. Thank you fed and uncle ben.:nuts:
Corvette
Well-known member
There is still global upside here...I think that we will see 26.00 in the I fund.
I think you are correct, but I think we will see a correction first.
The question is when. Perhaps when Obama gets the nomination?
buda
Member
Corvette,
So on the nominatin (which at this point is in sight) do you see the I dropping then regaining strength near or after the election? I jumped out last week and she made a run after I left her....wish I would of stayed in but you really can't read Barclays as of yet with the new trading restrictions.
buda
Gumby
Active member
Corvette
Well-known member
Perhaps you are correct.
but,
Take a look at the historical data after Super Tuesday when Obama won. I -fund was near the year lows.
When Obama won North Carolina, I -fund went down again.
I think he is going to win. :worried:
Corvette
Well-known member
You got out at a good time. I tried to get as much as I could as the I-fund approached the 200 dma.
I am sure you made money. I made money on the trade. Could we have made more? Yes
I think the market will have adjusted before election day.
Historically, the market does better under the Democratic control.
Frixxxx
Moderator
^^^^^^^^^^^^^^^^^^^^^^^^^^^
And they would have gotten away with it, if it weren't those meddling kids!
HAILSTORM
Member
Asia is down out-of-the-box...
INDEX
NIKKEI 225 14,224.12 -45.49 -0.32%
HANG SENG 25,483.19 -259.04 -1.01%
S&P/ASX 200 INDEX 5,920.40-29.00 -0.49%
HAILSTORM
Member
DJ EURO STOXX 50 € Pr -1.01%
FTSE 100 -1.17%
CAC 40 -1.17%
DAX -0.83%
AMSTERDAM -0.95%
STOCKHOLM -1.41%
SWISS MARKET -1.46%
NIKKEI 225 -0.77%
HANG SENG -2.23%
S&P/ASX 200 -0.69%
Nothing but RED...:worried:- Status
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