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The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!Playing the I fund
- Thread starter clester
- Start date
Canadian dollar closes above 86 cents US as gold soars, U.S. buck falters
Last Updated Thu, 30 Mar 2006 16:30:00 EST
CBC News
The U.S. dollar weakened as the New York Times reported that the new White House chief of staff, Joshua Bolten, wants to replace U.S. Treasury Secretary John Snow. The White House said the report was "premature."
Traders also said the prospect that the interest rate gap between U.S. and European interest rates would widen was putting pressure on the American currency.
Oil futures gained 70 cents to $67.15 US a barrel in New York trading.
I believe the market will turn on a dime once Iran and the Price of oil gets the attention of the talking heads. The I fund is safe as long as the US market isn't distracted by the price of oil and the new developments with Iran. Once panic set in, the I fund will take a nose dive. Today may have been a good day to get out. I didn't because I love pain, Nausea and vomiting. Not really I spent the day at the beach.sugarandspice
Well-known member
"I didn't because I love pain, Nausea and vomiting."
Diarrhea is feeling awfully lonely.
Birchtree
Well-known member
Son of a Geisha
It would be advantageous to consider that Nikkei has already experienced two 1000 point corrections since January'06. I quick trip back to 16,000 is certainly not out of the question - especially if all this attention to technology is a bull head fake. I know I sound like a bear - I'm actually not. Just be prepared for the panic factor and don't panic - volatility is back.
Rod
Well-known member
I agree with Dennis.
For you folks heavily in (I) Friday just may be your day to take some profits for the weekend.
The Nikkei already opened negative for Friday, but that could quickly turn positive.
But all in all, you've guys had a great run. Why get greedy and allow it to nip you in the bud?
Rod
Well-known member
Hot off the press... looking for the Yen to fall:
http://www.bloomberg.com/apps/news?pid=10000101&sid=aO9Qf9EwRGLc&refer=japan
Keep this in mind too:
Any losses in the yen may be limited after a government report today showed Japan's unemployment rate fell to 4.1 percent in February, the lowest since July 1998, according to the government's statistics bureau in Tokyo.
``Low jobless-rate figures are certainly yen-supportive,'' said Tomoko Fujii, a senior currency strategist at Bank of America N.A. in Tokyo. ``It leads to wage-increases pressure, prompting the BOJ to lift its zero interest-rate policy in the near future.''
LA_Guy
Member
No gut = No gain
The I-fund is so strong right now especially with the weak dollars. For every backward step the I-fund retreats, it moves forward two steps. Talke a look at the price for the past two months and you'll see the pattern. I'm staying put and ride this rocket for now and will bail out if only if it's pulling big negative G.
Good luck to everyone.
Rod
Well-known member
Re: No gut = No gain
LA_Guy said:The I-fund is so strong right now especially with the weak dollars. For every backward step the I-fund retreats, it moves forward two steps. Talke a look at the price for the past two months and you'll see the pattern. I'm staying put and ride this rocket for now and will bail out if only if it's pulling big negative G.
Good luck to everyone.
I don't know If I agree with that... every step it did take backwards at a high took at least 7 trading days to recoop the losses.
Why stay in during those days of retraction???
Case in point:
18.68 on Feb 1
then 16 days of retraction until:
18.71 on Feb 27
then 9 days of retraction until:
18.74 on Mar 13 which began a bull run to 19.24 through Mar 20
then another 7 days of retraction until:
19.39 TODAY
I'm thinking some retraction days are on the horizon.
CheapShot
Member
Probably will unload my 60% in the I fund before noon, I'll be in Cancun next week drinking a few wobbly pops, and sipping on a few frozen pineapple drinks, not sure where I will rebalance the rest of my funds, but you can expect something before noon. Need to be somewhere confortable for the week, so I don't have to face the wall of worry.Similar threads
