Playing the I fund

I waited for 4 months for this. It happened on the exact day I got in. You'll have to excuse me if my emotions are in charge for a day or two. I'm not going to be much fun to be around tonight. It'll only get worse tomorrow if Dallas loses.

I hear you Dave. The only guarantee is that it always drops when you get in and rises when you get out.
Later, Vol46
 
If you are treating yourself to some DCA - you'll be fine. All you've lost so far is value and not pride. Panic and do an IFT and you will lose - this early sharp correction will help build a base for an even bigger move upward. It just may take a couple of weeks.
 
I'm happy to have jumped out on Thursday, for now. But I'm not ready to give up on the I fund. Right now I'm just keeping an eagle eye on the USD to Euro, which seems to be more important than USD to Yen.

Long Term, I am unable to have a good feeling about most old faithful large cap domestics. The drain of the large salaries and large pensions of the baby boomers worries me. Look at Ford, Delta and others. And, I think many of the old faithful large cap companies are depending on a less competent, less work-ethic oriented workforce going into the future.

I am able to muster some faith in some innovative small caps in certain sectors, such as technology and biotech/health.

But long term, International still holds my main interest. Mostly because of developing countries vs. our weighted-down top-heavy economy.

As for this year, I'm certainly not inclined to predict a bull run. How many times do we need to hear that the economy is slowing before we believe it? My husband, Mr. Small Business Man (who caters to other small businesses), has been telling me for months about the slowing economy.

I'm very thankful for 2006. 2007 may be one of those years that we have to take our lumps with our licks.

GA
 
I fund looks like it will take another beating tomorrow. Australia and Japan both down big already. If USM are down tomorrow AM then I will likely bail and lick my serious wounds. Could be a good opportunity for the rest of you to jump in for Tuesday.
 
I fund looks like it will take another beating tomorrow. Australia and Japan both down big already. If USM are down tomorrow AM then I will likely bail and lick my serious wounds. Could be a good opportunity for the rest of you to jump in for Tuesday.

Japan is closed today. You're looking at last Fridays close price.:)

That's actually good for the I fund because I think they would selling today. If USM sells off again tomorrow, look out for Japan to open way down tomorrow night.
 
Japan is closed today. You're looking at last Fridays close price.:)

That's actually good for the I fund because I think they would selling today. If USM sells off again tomorrow, look out for Japan to open way down tomorrow night.

My goof. Not much consolation though. Hong Kong and Australia both off more than a percent.
 
TOKYO, Jan 8 (Reuters) - The yen rose on Monday, benefiting from growing expectations that the Bank of Japan could bump up interest rates as early as next week.

The dollar steadied against currencies other than the yen, keeping gains made in the wake of a report showing surprising growth in U.S. jobs, which led the market to scale back forecasts that the Federal Reserve will cut rates in coming months.

More: http://yahoo.reuters.com/news/artic...-01-08_02-01-39_T142726&type=comktNews&rpc=44

from Reuters
 
Forex - Dollar in retreat as traders book profits after post-payrolls surge

Dollar may retreat?:confused: LONDON (AFX) - The dollar has started the week on the back foot as investorsbook profits from the US currency's sharp rally in the wake of Friday'sbetter-than-expected US jobs data. "The dollar posted some solid gains after Friday's better-than-expectednon-farm payroll reading, but just how sustainable this rally will be in thedays ahead remains to be seen," said David Jones, chief markets analyst at CMCMarkets. "We've already observed something of a reversion against both the pound andthe common currency, largely as traders are calling the greenback as overboughtjust now, and with little of real significance on the economic calendar today,it's going to be precisely this type of sentiment that determines wherecurrencies move in the next few hours," he added. The dollar enjoyed one of its best days in weeks last Friday when the LaborDepartment reported that the US economy added 167,000 jobs in December, morethan double what the market anticipated. There was further good news that the number of jobs added in October andNovember, was revised up by 29,000 to a cumulative two-month total of 240,000. Elsewhere, the unemployment rate, taken from a separate survey ofhouseholds, remained at 4.5 pct in the month, while average hourly wages rose0.5 pct in December, or 0.08 usd, to 17.04 usd. The payrolls data are crucial for the market's assessment of the likely pathof US interest rates in the coming months. The dollar was ravaged towards the end of last year after a wave of bad USeconomic news stoked fears that the world's largest economy may slow downdramatically and prompt the US Federal Reserve into loosening policy. That triggered a sharp slide in the dollar to a 21-month low against theeuro and to its lowest level against the pound since sterling's ignominious exitfrom the European exchange rate mechanism in September 1992. The Fed has kept its benchmark rate unchanged at 5.25 pct for fourconsecutive meetings after raising it 17 times in a row. Analysts said Friday's data further reinforced expectations that the Fedwill not be changing rates any time soon, in sharp contrast to the situationjust a month ago. "The dollar has started the year strong on the back of rising rates," saidJP Morgan analyst Jan Loeys. London 0911 GMT Singapore 2.40 pm (0640 GMT)http://www.advfn.com/news_Forex-Dol...its-after-post-payrolls-surge_0018678369.html
 
HONG KONG (MarketWatch) -- Stock markets across Asia ended sharply lower Monday as investors judged diminished prospects for a cut in U.S. interest rates as negative for the export outlook, while a move by China's central bank to tighten liquidity weighed on Hong Kong shares.

http://www.tiny.cc/VKvNM
 
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