I fund for May, 2010

[350zCommTech]

Thanks 350... I think i'm gonna need some padding in the S-fund too

I can't help you there. I only work for the I fund.

 

[350zCommTech]

I fund currently down 1.7%, including yesterday's 1.3% -FVC.

 

[350zCommTech]

Down .8%.


Watch out for a +FV if the markets turn green.

 

[FAB1]

why is the I fund riding high +.50 when euro markets just closed all down miserably? time lag?

 

[350zCommTech]

why is the I fund riding high +.50 when euro markets just closed all down miserably? time lag?

Most days the EFA is in line with the actual price, but some days, it can be way off.

Perhaps yesterday's FV is influencing the EFA.

The I fund is down around 1.6-1.8%.

 

[James48843]

NIKKEI 225 up 0.5% now.


Markets settling down today? Or a fakeout?

What do you think? Dead cat bounce?

 

[James48843]

Holy Cow-

CAC us now up over 8% .

EIGHT PERCENT!!

???????

 

[Show-me]

Can you say one trillion dollar bail out?

 

[nnuut]

This is nnuuts, the're following our lead. DOW Futures was up +400 a while ago, I don't believe it!!:nuts:

 

[Silverbird]

The EU thought to emulate the US and become more economically powerful by creating an economic union, including one currency. This is the first big test of their currency - unfortunately starring a country that cheated on their paperwork.

It was either this or

• Kick Greece out of the Eurozone - not an easy task since they no longer have a currency. Meanwhile, watch all the markets tank. Greece may go bankrupt before they are able to establish their own currency.
• The EU sits on its collective butt and lets Greece go bankrupt, but since Greece is on the same currency, they get pulled down too.

Personally, I think the UK was right to keep their own currency, if you think our three legged race with China is a bad currency policy, tying together over 20 countries to one currency is not good when one member tied granny knots in their segment of the climbing ropes and claimed their ropes were perfectly good. Though trying to re-tie someone else's knots while you all are going over a precipice has its own dangers.

 

[alevin]

Of course the fact that 17% of the IMF funds pledged will be coming from U.S. taxpayer $ not appropriated by Congress for the purpose, doesn't have anything to do with anything......:blink:

Yeesh. nobody has any money, but we keep giving away what we don't have for ourselves. I don't think this is a recap of the Marshall Plan, but could be wrong.

 

[Silverbird]

Yes, I know what you mean. That's one of the reasons the IMF has a ahem, mixed reputation, ahem, here in the U.S.

This is the first time I can remember that the IMF has saved a non-developing country.

There are quite a few countries overseas who think the U.S. caused all this anyway and ought to pay the entire bill - though in Greece's case they did a lot of the damage to themselves and did engage in fraudulent reporting so they are no innocent victim - they just got caught.

 

[Nordic]

"Many investors were nervous last week as European and other global markets took a beating. If you were one of those folks and wondered if you should sell your international-stock funds, here's an idea: Go ahead and dump them."

http://articles.moneycentral.msn.com/Investing/MutualFunds/dump-foreign-stock-funds.aspx


While the times of buy and hold strategy for the I fund may be over, at least for now, there are still shorter periods of time when the I fund is a good play...imo.

 

[wwwtractor]

Can the PIGGS fly?

http://www.omniglot.com/language/idioms/flyingpigs.php

 

[fedgolfer]

$30,000,000 in EFA shares (600,000) done in one order AH to push of the bid to $50.15... either a big boy walked it up and is dumping (doubtful he'll found buyers in one lot) or knows of some big play coming down the pipe before the market opens tomorrow -- sounds like he accumulated retail fear AH. They're going to manipulate another turn in the Euro maybe.

 

[Frixxxx]

$30,000,000 in EFA shares (600,000) done in one order AH to push of the bid to $50.15... either a big boy walked it up and is dumping (doubtful he'll found buyers in one lot) or knows of some big play coming down the pipe before the market opens tomorrow -- sounds like he accumulated retail fear AH. They're going to manipulate another turn in the Euro maybe.

Euro hits 1.20 and fails...hold on!:suspicious:

 

[350zCommTech]

$30,000,000 in EFA shares (600,000) done in one order AH to push of the bid to $50.15... either a big boy walked it up and is dumping (doubtful he'll found buyers in one lot) or knows of some big play coming down the pipe before the market opens tomorrow -- sounds like he accumulated retail fear AH. They're going to manipulate another turn in the Euro maybe.

Euro hits 1.20 and fails...hold on!:suspicious:

I hope we get some follow through soon because I'm about to capitulate.:worried:

View attachment 9449

 

[crws]

My thoughts echo this view-

 

[Bullitt]

I think it's safe to say that we should have the 50/200 cross tomorrow or the day after which will signal a technical end to the greatest slight of hand trick in financial history.

 

[fedgolfer]

I hope we get some follow through soon because I'm about to capitulate.:worried:

View attachment 9449

It's getting ugly, but if I were out I'd be lookin' to get back in at 1040'ish on the SPX. The $tran is still above the 200 dma, but i'm not about to tell anybody to do anything until we see a short term buy signal... there have been several inverted h&s only to get negated w/ no buy volume. I agree w/ Bullitt this could get ugly fast but we still don't have death crosses... but at this rate, we could hit 943 on the SPX before that happens. If the dollar turns up again after the squeeze runs off, the carriage trades come off/lessen, so the big boyz and Central Banks are losing umph with their ability to manipulate.