Suppose the sudden dollar drop is just rumor based and the rumor is discounted. If it gains back all that it lost it should be enough to trigger a negative FV, depending on whether U.S. stocks do anything significant. That would set up the steal for Monday. But the rumor could be true or the waters just muddy so that that nothing is clear by 4pm. The FV steal is the riskiest of ploys but can pay off big. Who feels lucky?
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Playing the I fund
- Thread starter clester
- Start date
350zCommTech
Well-known member
Down 9 cents.
fabijo
Well-known member
Good call!
350zCommTech
Well-known member
G=0
F=4
C=1
S=-2
I=-9
Thanks Fabijo,
Could you please post your I fund price? I want to make sure mine is right.
Birchtree
Well-known member
From TWSJ: European companies are increasingly confident that the Continent can maintain good economic health next year, albeit at a slower pace of growth, according to unexpectedly optimistic surveys in Germany and France. Germany's Ifo index of business confidence and readings from Frances's Insee survey rose this month (October), adding to other recent surveys that suggest businesses in the group of nations that have adopted the euro are continuing to enjoy solid expansion. Economists had expected sentiment in Germany and France, the two biggest economies of the euro zone, to weaken amid gathering threats to the economic outlook for next year.
Instead, lower oil prices, continued demand for European goods and signs that U.S. economic growth isn't slowing as severely as some had feared are supporting cautious optimism in Europe. The surveys are evidence that the euro-zone economy is not slowing at all. If business surveys continue to hold up strongly, especially from the manufacturing sector, economists may have to reconsider their prediction of a pronounced slowdown next year.
The biggest surprise in the Ifo survey was that expectations for the next half year improved, after falling in previous months. The overall Ifo index rose to 105.3 for October, from 104.9 the month earlier. The French Insee index rose to 108 from 106. Those levels usually correlate with fastter-than-average growth. Lower energy prices have helped prop up consumer spending in the U.S., bolstering optimism that U.S. growth won't nose dive. That would support continued global growth on which the euro zones's crucial export industries such as cars and capital goods depend.
Instead, lower oil prices, continued demand for European goods and signs that U.S. economic growth isn't slowing as severely as some had feared are supporting cautious optimism in Europe. The surveys are evidence that the euro-zone economy is not slowing at all. If business surveys continue to hold up strongly, especially from the manufacturing sector, economists may have to reconsider their prediction of a pronounced slowdown next year.
The biggest surprise in the Ifo survey was that expectations for the next half year improved, after falling in previous months. The overall Ifo index rose to 105.3 for October, from 104.9 the month earlier. The French Insee index rose to 108 from 106. Those levels usually correlate with fastter-than-average growth. Lower energy prices have helped prop up consumer spending in the U.S., bolstering optimism that U.S. growth won't nose dive. That would support continued global growth on which the euro zones's crucial export industries such as cars and capital goods depend.
350zCommTech
Well-known member
350zCommTech
Well-known member
What do you think about the EZ's reaction to the US's housing report on Friday morning? They took it worst than the US market. If the dollar had not fallen so much on a hedge fund rumor, the I fund would have lost close to 1%.
I'm not quite ready to park in the G fund yet, but I'm seeing signs similiar to what I saw in May.
Birchtree
Well-known member
So far this year, mutual funds sold to Americans that focus on shares of European companies are up about 23%, on average, compared with about 10% for the average U.S. stock fund. Europe-stock funds have beaten their U.S. peers over the past three and five years, too. Many of these gains were driven by oldfashioned catalysts such as steady corporate profit growth, cost cutting, rising dividends and attractive valuations.
Last year average gross-domestic product growth in the 12 European nations that use the euro was just 1.3% overall. This year the European Commission expects still low 2.5% growth. Sounds like Goldilocks to me. Yet in the past five years the Dow Jones Stoxx 600 Index of the largest publicly traded European companies averaged a more than 15% annual gain in dollar terms, about double the gains of the DJIA. There have been - and are now - good reasons for U.S. stock investors to take a fresh look at these older markets, even though they have risen so much. Compared with U.S. peers, European stocks generally have higher annual yields - the percentage rate of return in dividends, Shares of big European companies are yielding more than 3%, compared with less than 2% for the S&P 500. Big European companies' shares trade at about 13 times analysts' projected per-share earnings over the next year, compared with a pricier 16 price to earnings ratio for U.S. stocks.
The sagging U.S. dollar also has helped European funds' returns. In the past five years, the dollar has fallen more thann 30% against the euro and the U.K. pound. A falling dollar is good for U.S. investors holding foreign assets because it makes those investments worth more back home. Is it too late to join the party - not if you ask an I funder.
Last year average gross-domestic product growth in the 12 European nations that use the euro was just 1.3% overall. This year the European Commission expects still low 2.5% growth. Sounds like Goldilocks to me. Yet in the past five years the Dow Jones Stoxx 600 Index of the largest publicly traded European companies averaged a more than 15% annual gain in dollar terms, about double the gains of the DJIA. There have been - and are now - good reasons for U.S. stock investors to take a fresh look at these older markets, even though they have risen so much. Compared with U.S. peers, European stocks generally have higher annual yields - the percentage rate of return in dividends, Shares of big European companies are yielding more than 3%, compared with less than 2% for the S&P 500. Big European companies' shares trade at about 13 times analysts' projected per-share earnings over the next year, compared with a pricier 16 price to earnings ratio for U.S. stocks.
The sagging U.S. dollar also has helped European funds' returns. In the past five years, the dollar has fallen more thann 30% against the euro and the U.K. pound. A falling dollar is good for U.S. investors holding foreign assets because it makes those investments worth more back home. Is it too late to join the party - not if you ask an I funder.
weatherweenie
Well-known member
Nikkei is at 15,976.85 down about 3/4 of a percent in Monday's trading.
weatherweenie
Well-known member
10:47PM ET Nikkei 300 -1.79%
James48843
Well-known member
Nikkei down 1.49% , off the earlier lows.
Most other Asian markets taking a hit too.
Seoul down 0.67%, All Ordinarys down 1.63%, Hang Seng down 0.70%.
Dollar up against both yen and euro this morning.
Could be a bloody day ahead in the "I".
Most other Asian markets taking a hit too.
Seoul down 0.67%, All Ordinarys down 1.63%, Hang Seng down 0.70%.
Dollar up against both yen and euro this morning.
Could be a bloody day ahead in the "I".
weatherweenie
Well-known member
Show-me
Well-known member
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