Playing the I fund

[wv-girl]

MSCI will be down ~1.31% today.

I-fund share "should" be down 29 cents to $21.15

Should'nt that be $22.15??? What say you 350Z?

 

[Griffin]

I usually don't leave the first day of red. I usually hope for a dead cat bounce if it is a big down day and get out the next. The USM has turned around so tommorrow is up in the air. I also think the US dollar will come back down some more. Don't think I agree with your prediction on the US dollar. Where will the strength come from? My allocation is diverse, I'll stay put for the day.

I wouldn't say the USM has turned around, it's finding support - something that Japan needs to do tonight which could effect the EU.

 

[Griffin]

I usually don't leave the first day of red. I usually hope for a dead cat bounce if it is a big down day and get out the next. The USM has turned around so tommorrow is up in the air. I also think the US dollar will come back down some more. Don't think I agree with your prediction on the US dollar. Where will the strength come from? My allocation is diverse, I'll stay put for the day.

I wouldn't say the USM has turned around, it's finding support - something that Japan needs to do tonight which could effect the EU.

View attachment 1273

The dollar index usually pushes higher when it crosses the 50 dma from the bottom. The next likely serious resistance point is 85.0. The EU and Japan are both going to implement policy to strengthen the dollar versus their currencies to stem an influx of US imports and encourage their exports.

It's always the same race - who can get their currency cheapest to aid exports and limit imports without compromising their ability to purchase energy, unless your an energy exporter, then the reverse is true at the absolute macro level.

 

[350zCommTech]

Should'nt that be $22.15??? What say you 350Z?

I stand by my final estimate of down .605% or -14 cents. Actually, if I had waited till noon est., the final close is .600% or -13.46 cents.

 

[Pilgrim]

From Marketwatch.com:

The dollar's latest correction "is consistent with the 'January effect' of recent years where foreign investors have increased buying the dollar-denominated securities at the beginning of the year associated with an annual asset reallocation exercise," said Michael Woolfolk, senior currency strategist at The Bank of New York. "This is expected to continue into next week."
Many analysts noted that the pattern in recent years has been for the dollar to sell off into the end of the year and then rebound early in the New Year.

http://www.marketwatch.com/news/story/currencies-dollar-touches-two-week-high/story.aspx?guid=%7B9AA42A6E%2DD074%2D4766%2D982C%2DCE51A0B6EEA1%7D

 

[sugarandspice]

Down .658%

 

[350zCommTech]

MSCI down 0.658% today - This would be the I-fund down 15 cents.

So, where did you go wrong?

 

[SkyPilot]

MSCI will be down ~1.31% today.

I-fund share "should" be down 29 cents to $22.15

Willis,

It might be best to leave the estimates to those who have a proven and reliable record regarding this issue. After you have had some success on your own, then maybe post your results.

 

[airlift]

The stock market has recovered significantly this afternoon. This is reason to celebrate a bit, because the markets are holding up quite well. What expectatons are there for the I fund going forward?

 

[Birchtree]

I'd read the article posted on #4747. The euro is only six years old.

 

[airlift]

Thanks.

I'd read the article posted on #4747. The euro is only six years old.

 

[Wheels]

Willis,

It might be best to leave the estimates to those who have a proven and reliable record regarding this issue. After you have had some success on your own, then maybe post your results.

I think Willis might not be who he appears.

 

[350zCommTech]

I think Willis might not be who he appears.

Please elaborate. I find it strange that he was off by so much today when he was pretty close yesterday. MSCI made some minor changes to the way they calculate the EAFE today but it only equated to a .06% difference.

 

[SkyPilot]

I think Willis might not be who he appears.

I was thinking the same thing....

 

[350zCommTech]

I was thinking the same thing....

The Technician?

 

[SkyPilot]

The Technician?

Perhaps... We have seen a motif, Tech... Wizard... HarryPotter... is it the same person, or just the same personality?

Hmmmmmm....

I thought Tech would have been a little more accurate though...

 

[SkyPilot]

MSCI will be down ~1.31% today.

I-fund share "should" be down 29 cents to $22.15

:nuts:

 

[Wheels]

I say Greg, or Greggie as Mlk was so fund of calling him.

 

[GGal]

Grandma,

350z is a he not a she. That picture is who he wishes he had out in the yard washing his car.

I know, I know.......incredibly well-spoken for a "he."

GA

 

[ATCJeff]

From Marketwatch.com:

The dollar's latest correction "is consistent with the 'January effect' of recent years where foreign investors have increased buying the dollar-denominated securities at the beginning of the year associated with an annual asset reallocation exercise," said Michael Woolfolk, senior currency strategist at The Bank of New York. "This is expected to continue into next week."
Many analysts noted that the pattern in recent years has been for the dollar to sell off into the end of the year and then rebound early in the New Year.

http://www.marketwatch.com/news/story/currencies-dollar-touches-two-week-high/story.aspx?guid=%7B9AA42A6E%2DD074%2D4766%2D982C%2DCE51A0B6EEA1%7D

Yea and December was historically a down month for the dollar!