Interfund Transfer 12/01 for 12/02/04

[Mike]

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An oil inventory report comes out in an hour - that will likely set the tone in our markets today.

 

[smedlap]

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Dollar adjusted, the I fund lost just a little more than the C fund yesterday. It adjusted from a -0.67% to -0.54% down. I'm watching mfg today and employment on Friday. I expect both to be positive and drive all 3 stock funds up. Then the pullback. But - a day at a time!

Thanks Tom for that fighting spirit.:^

 

[tsptalk]

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I still expect a chop. I doubt we go straight up. If we did, I'd be worried too. I liked that we had a couple of weak days.It's almost like the market is followingour plan. That's scary too. :shock:

 

[Mike]

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Foreign markets are up thus far, averaging about 0.5% - if that materializes in the EAFE, the I fund will basically gain back what it lost yesterday.

S&P plus Nasdaq futures are up a bit as well.

We'll see what happens after the US markets open. If it's all green, I'm holding back.

 

[Spaf]

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Yea! I'm kind of feeling that same draft too! Maybe it's time to fold them! Maybe hold them! We could win, but until we see the other card, it's anyone's bet!

So far, actual market action has been disappointing!

But, who knows, there is always tomorrow!

Rgds, and be careful! Spaf

 

[Mike]

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That's the same allocation I'll have if I move back into the market today (I left 25% in the I fund when I sold on Friday). However, I'm going to wait 'til morning to see if some red arrows materialize before committing to the move.

Having the same allocation as you makes me feel exposed... like I'm naked somehow. :shock:

 

[tsptalk]

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I am getting aggressive for December going to 75% S, 25% I fund for a few days effective Thursday (making interfund transfer this morning). I will likelyback off a little next week.

See today's market comments (www.tsptalk.com/comments.html) for details.