Playing the I fund

[mailmanusa]

Sometimes members duke it out a bit in public forums and thats fine. When a moderator is involved it should be done in private message. Its just common respect for the leaders.

 

[Fivetears]

Euroland wasn't doing very well this morning. Hope the USD is down to offset the loss today.

 

[dell]

Looks like Asia is doing worse.

 

[350zCommTech]

Euroland wasn't doing very well this morning. Hope the USD is down to offset the loss today.

The falling US dollar is off-setting today's loss big time. I would consider it as a gift.

 

[James48843]

Nikkei down 1.09%

Europe down too- approximate numbers only:
CAC down .9%
DAX down .8%
FSTE down .8%

Could be a bloody day on the "I" fund today.

 

[frokker]

I jumped mostly out of the I fund a few days ago. With todays slide, would it be a good time to get back in, or do you think the slide will continue for another day or two and getting back in then?

 

[roguewave]

This action by Thailand is roiling markets worldwide. Whenever capital controls are initiated by any country in our interdependent world it will have an affect in pretty much all markets no matter the size. Good luck.

http://www.atimes.com/atimes/Southeast_Asia/HL20Ae02.html

 

[Birchtree]

That's why emerging markets have a degree of danger attached to them.

 

[James48843]

Wow. "I" fund now showing green.

Who could have thunk it?

 

[350zCommTech]

Wow. "I" fund now showing green.

Who could have thunk it?

Early Estimate: down .153% or -3 cents.

 

[roguewave]

Oops. It must have been just a test to see what would happen.

http://biz.yahoo.com/ap/061219/thailand_markets.html?.v=19

"Thailand Lifts Investment Controls
Tuesday December 19, 9:57 am ET
By Michael Casey, Associated Press Writer
Thai Government Lifts Controls on Foreign Investment After Market Plunges 15 Percent


BANGKOK, Thailand (AP) -- The Thai government said it would lift controls on foreign investment in stocks after the market plunged nearly 15 percent on Tuesday, rattling regional bourses amid worries about a repeat of the 1997 Asian financial crisis.

Finance Minister Pridiyathorn Devakula said that the controls -- announced just a day earlier -- would remain on foreign investments in bonds and commercial paper as part of central bank's measures to stem the surge in the Thai baht, which had risen to a nine-year high versus the dollar on Monday.

Investors dumped stocks in Hong Kong, India, Indonesia, Malaysia, South Korea and the Philippines amid contagion concerns that the plunge might to spread through the region and trigger the kind of slump that enveloped Asia nearly ten years ago.

The Stock Exchange of Thailand's benchmark SET Index tumbled 14.8 percent to close at 622.14, after plunging as much as 19.5 percent earlier.

It was the market's biggest one-day drop ever, and brought the benchmark index to its lowest since October 2004. The hardest hit sectors were banking, energy and telecommunications.

The plunge came after the Bank of Thailand late Monday announced its toughest measures yet to clamp down on speculative inflows that have lifted the Thai currency, the baht, to a nine-year high of 35.09 to the dollar.

The measures said that starting Tuesday, all banks were required to hold in reserve for one year 30 percent of capital inflows that aren't trade- or services-related, or repatriation of Thai residents' investments abroad. Also, foreign investors must pay a 10 percent penalty unless they keep funds in the country for a year."

 

[350zCommTech]

Down .281 or -6 cents.

 

[sugarandspice]

Birch,

FYI - the stuff you write makes no-sense. This is how I know when you've written something versus when you plagerized.

You need to reference your sources or just link to them. When you copy select text without any reference and post it under your avatar, you are in violation of plagerism laws.

http://blog.joins.com/media/folderlistslide.asp?uid=citmcfe&folder=13&list_id=7268898

He's been getting "sidetracked doing something else" as a standard practice here for a quite awhile.

Numerous times I've seen him do this.

Always better to post someone else's stuff without sources to stay relevant.

Sorry for the pollution in the I thread. I wont address this in here anymore. Maybe a Joe "Birchtree" Biden plagiarized posts thread would be appropriate for this drivel.

 

[ebbnflow]

We need a +FV. The dollar keeps going down. I see an inverted head and shoulders forming on the S&P 500 chart. I think that's bullish. Let's hope it keeps going up the rest of the afternoon. I need the OSM for tonight!

 

[Fivetears]

Another 9 cent ice-beatin' to start the week off feels just wonderful. It's also comforting to know you're amongst other sound investors.

 

[ebbnflow]

That's a mighty long arm forming on the S&P 500 after the inverted head and shoulders. Hope it doesn't bend it's elbow. :nuts:

 

[sugarandspice]

Looks like FV may be in the cards.........

 

[mlk_man]

MSCI down .224%

 

[mayday]

Dollar is down .66 cents

 

[350zCommTech]

MSCI down .224%

I think MSCI made a change to how they calculate Euro/Dollar today because my EAFE, in local currency, value was dead on.