I fund for September 08

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All the rate cuts to help the financials did NOTHING to help mortgage rates or homeowners, in fact, mortgage rates went UP. The lenders did not pass those on to homeowners, and they wont do it. I don't see a rate cut, either.
 
luv2read said:
All the rate cuts to help the financials did NOTHING to help mortgage rates or homeowners, in fact, mortgage rates went UP. The lenders did not pass those on to homeowners, and they wont do it. I don't see a rate cut, either.
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I don't see a cut would do anything except weaken the dollar......but it probably would increase export demand due to weaker dollar. Oil would jump again. The 3% cut since last Fall actually increased mortgage rates. They better keep the rates the same and prep the taxpayers for the Fannie and Freddie large hose enema:blink:
 
The London Stock Exchange had a computer error today causing a halt in trading for 4+ hours and no one knows if they're extending trading hours according to www.bloomberg.com

Watch out for some more funny math :rolleyes:
 
Minnow said:
The London Stock Exchange had a computer error today causing a halt in trading for 4+ hours and no one knows if they're extending trading hours according to www.bloomberg.com

Watch out for some more funny math :rolleyes:
Click to expand...


How would that hurt the I Fund anyone ????

12:00 EST close would that move to tomorrow I Fund i didn't know they could extend trading hours if there is a halt and that moves to tomorrow wouldn't that help the I Fund for those moving in today ??????????
 
Braveheart said:
How would that hurt the I Fund anyone ????

12:00 EST close would that move to tomorrow I Fund i didn't know they could extend trading hours if there is a halt and that moves to tomorrow wouldn't that help the I Fund for those moving in today ??????????
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I'm not certain that it will necessarily "hurt" anyone. The article posted on Bloomberg (which I couldn't cite exactly, sorry) made reference to a computer glitch which happened earlier in the year causing a halt to trading on the FTSE. In that instance, trading hours were extended. Now, if oil dropped and the dollar rose (for example if the hurricane's course was amended or it's strength diminished) during today's trading hours or during the extended hours then exactly how would that impact the values upon which our I fund is calculated? A rising dollar would not help it for sure. Again, I too am uncertain as to the rules for calculating extended hours trading and what values of the USD are used. Corvette and 350z are the gurus and hopefully they can weigh in???

Perhaps my comment was a bit pessimistic but I got used to some fuzzy math from Barclays while playing the I fund. Best of luck to those in the I fund!!!
 
Minnow said:
I'm not certain that it will necessarily "hurt" anyone. The article posted on Bloomberg (which I couldn't cite exactly, sorry) made reference to a computer glitch which happened earlier in the year causing a halt to trading on the FTSE. In that instance, trading hours were extended. Now, if oil dropped and the dollar rose (for example if the hurricane's course was amended or it's strength diminished) during today's trading hours or during the extended hours then exactly how would that impact the values upon which our I fund is calculated? A rising dollar would not help it for sure. Again, I too am uncertain as to the rules for calculating extended hours trading and what values of the USD are used. Corvette and 350z are the gurus and hopefully they can weigh in???

Perhaps my comment was a bit pessimistic but I got used to some fuzzy math from Barclays while playing the I fund. Best of luck to those in the I fund!!!
Click to expand...

I saw the last trade for the FTSE was at 4:17 AM in London the market was only open for about an hour when they starting having problems
 
Frixxxx said:
Hopefully all the "buy" orders will process tomorrow and we'll get 2 days of GREEN!:cool:
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That what I was thinking problem for them is those buy orders would be before our markets opened so since our market is up they got screwed or would that be retro tomorrow. Sounds crazy !!!!!!!
 
Frixxxx said:
Hopefully all the "buy" orders will process tomorrow and we'll get 2 days of GREEN!:cool:
Click to expand...

You know I was about to say the same thing. I'm not in "I" now nor will I be for a while but that could be a good play if Barclay's plays by the rules.

I'm just hoping for a more southerly route for Ike (or it could sit and spin on Fidel's hospice) and a drop in gas prices and more rise in the dollar -- sorry "I"-funders.
 
Trading will close as normal in London no extended trading hours. The FTSE may be up for 30 minutes between 4:00 - 4:30 their time. Which would close as normal at 12:00 EST for the US market.
 
Braveheart said:
Trading will close as normal in London no extended trading hours. The FTSE may be up for 30 minutes between 4:00 - 4:30 their time. Which would close as normal at 12:00 EST for the US market.
Click to expand...

Thanks for the information. That would've been a tempting play with the extended hours and our 11:00am deadline. Oh well, food for future thought.

By the way, how do you guys think that would've played out given our deadlines and the FV calculation?

Sorry gotta run.
 
Minnow said:
I'm not certain that it will necessarily "hurt" anyone. The article posted on Bloomberg (which I couldn't cite exactly, sorry) made reference to a computer glitch which happened earlier in the year causing a halt to trading on the FTSE. In that instance, trading hours were extended. Now, if oil dropped and the dollar rose (for example if the hurricane's course was amended or it's strength diminished) during today's trading hours or during the extended hours then exactly how would that impact the values upon which our I fund is calculated? A rising dollar would not help it for sure. Again, I too am uncertain as to the rules for calculating extended hours trading and what values of the USD are used. Corvette and 350z are the gurus and hopefully they can weigh in???

Perhaps my comment was a bit pessimistic but I got used to some fuzzy math from Barclays while playing the I fund. Best of luck to those in the I fund!!!
Click to expand...

Hi guys/gals!

With the US market fading and only 25 mins left in normal trading, I doubt that they will extend trading, especially with the 3.81% gain.

As for the dollar, it will be business as usual. I would not want to be in the I fund for tomorrow.

GL
 
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