Playing the I fund

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Rod said:
Still 4 hours of trading left. Let's hope she holds!
Click to expand...

The Nikkei closed UP 308.00.:D

Should be another great day for the (I).

Heck, I just may yet break even this week... and then some. :cool:
 
What a day this will be:

Nikkei UP + 308.00 (1.97%)

FTSE 100 DOWN -92.30 (1.63%)

CAC DOWN -77.51 (1.57%)

DAX DOWN -82.84 (1.46%)

Talk about a bucking bronco..... I wonder where "I" will land today.

At least the dollar is in our favor this morning a little....
 
There is a tendancy for the market to fill gaps, like the one that was created between Friday's close and Monday's opening. Filling these gaps can take several days, and lead to more gaps, which can create some surprise gains and losses. Take a look at the action in the EFA last December and January. If the rest of the market continues to plummet, it could lead to a sharp drop. I'm not being pessimistic. Personally, I would like to see today set up a retest of Monday's lows and call it a bottom.
 
http://www.cnn.com/2006/BUSINESS/05/23/asiastox.wednesday.reut/index.html?section=cnn_latest
There are signs that global equity market turbulence, rooted in investor worries about the impact of higher interest rates on the U.S. economy, has eased for now, although inflation fears due to a recovery in commodity prices are overshadowing U.S. stocks.

http://uk.biz.yahoo.com/24052006/214/asia-bargain-hunters-lift-nikkei.html
Asia: Bargain hunters lift Nikkei
LONDON (ShareCast) - In Japan the Nikkei (news) recovered on Wednesday morning as bargain hunters moved in after a fortnight of steep losses.
The Nikkei 225 rose 201 to 15,800 around 6.45am.


http://asia.news.yahoo.com/060524/3/2kzn2.html
"The momentum in earnings growth is kept. When looking abroad, European stocks and those in emerging markets, in particular Indian shares, stopped falling, bounced back and restored stability for now," said Kenichi Hirano, strategist at Tachibana Securities.
Moreover, Goldman Sachs said valuations of Japanese shares are attractive following the market's recent correction.

http://in.news.yahoo.com/060524/137/64hxp.html
U.S. BLUES

Concerns the world's largest stock market may continue to founder are still likely to weigh on Japanese equities, said Takashi Ushio, head of the investment strategy division at Marusan Securities.

"The main cause of the weakness in global markets at the moment is the fact the U.S. can't stop sliding," he said.

"Unless the U.S. improves, investors won't be able to feel confident here."
 
Going out to wax my car, will be back at 1130 to see what the big dogs are doing.
Good luck to all, we may be able to replace some of our losses over the next two days, then again maybe not.
 
OECD warns rebalancing of US deficit may drive dollar down sharply
05.23.2006, 06:15 AM

LONDON (AFX) - The OECD has warned that the eventual rebalancing of the US current account gap 'looks increasingly unavoidable' and will send shock waves across the globe, starting with a slump in the dollar's exchange rate.

The OECD said in its world economic outlook that the depreciation faced by the dollar could be 'of the order of one-third to one-half.'

http://www.forbes.com/finance/feeds/afx/2006/05/23/afx2765701.html

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This (dumpster dollar) is and will continue to be the major driving force behind the I-Fund gains. The I-Fund is also in the process of disengaging itself from the drag of the American market.
 
Wimpy,

We are seeing a trend of central banks globally taking a stance against inflation. This is big picture – long range stuff. The last time the dollar was in this range was the beginning of 2004 and it stayed there for almost 3 months. I do not think we are going to see a sharp drop in the dollar from here within the next week or two and it won’t significantly influence the bounce from this drop in the short term. Don't expect the dollar to influence the I-fund price the way it did during the past couple of months.
 
Wimpy,

I like your signature quote:

Trading is true democracy in action. The dollar votes we cast, in the marketplace, have real influence without the coerciveness associated with pseudo democracy operating under the principal of 'might makes right'. Trading allows us to protect ourselves from those inclined to pick our pockets in the polling places and at the printing presses.
Click to expand...

Did you make this up or is it a quote from somewhere? I'd love to know the source.:)

Qibovin
 
Griffin said:
Wimpy,

We are seeing a trend of central banks globally taking a stance against inflation. This is big picture – long range stuff. The last time the dollar was in this range was the beginning of 2004 and it stayed there for almost 3 months. I do not think we are going to see a sharp drop in the dollar from here within the next week or two and it won’t significantly influence the bounce from this drop in the short term. Don't expect the dollar to influence the I-fund price the way it did during the past couple of months.
Click to expand...
Agree whole-heartedly. But to tag on to the tail end of your statement, a worthless dollar is not good for the International economy; they need us as bad as we need them. While the lower dollar does the I Fund good in many past cases... a crushed dollar means the international community looses business; we do house quite a few buyers in America. To this extent, is why I feel the I-Fund is tripping over it's feet right along side of us. JMHO
 
The key question to ask is whether the chasm between I-Fund and the other funds is widening or narrowing. I would suggest the chasm is widening on overall rises and declines. This is something worth considering.

Although the Asian markets are still heavily reliant on U.S. markets they are feverishly expanding their internal markets which will be supported by the Asians high savings rate. They recognize the U.S. consumer is bankrupt along with their national treasury. The gig is up. Yes, it will hurt the Asian economy, but they will do much better because of their savings rate. We survived the 1987 crash because of a higher savings rate. The Asians savings rate is much, much higher.
 
qibovin said:
Wimpy,

I like your signature quote:



Did you make this up or is it a quote from somewhere? I'd love to know the source.:)

Qibovin
Click to expand...

Thanks! I made it up, but have to give credit to Andrew J. Galambos and a Gold-Eagle forum poster, who goes by the name Turtlelogic777, for the inspiration and concept.
 
Wimpy said:
The key question to ask is whether the chasm between I-Fund and the other funds is widening or narrowing. I would suggest the chasm is widening on overall rises and declines. This is something worth considering.
Click to expand...

While the chasm was clearly widening prior to this latest pullback it may well be narrowing now. The decline in the I fund is about 7 1/2 % (more like 9% after today), while the C fund is down about 5 1/2 %.

Dave
<><
 
Wimpy said:
The key question to ask is whether the chasm between I-Fund and the other funds is widening or narrowing. I would suggest the chasm is widening on overall rises and declines. This is something worth considering.

Although the Asian markets are still heavily reliant on U.S. markets they are feverishly expanding their internal markets which will be supported by the Asians high savings rate. They recognize the U.S. consumer is bankrupt along with their national treasury. The gig is up. Yes, it will hurt the Asian economy, but they will do much better because of their savings rate. We survived the 1987 crash because of a higher savings rate. The Asians savings rate is much, much higher.
Click to expand...
The only bad thing on the U.S. side, is many (like myself) have elected to save the USD. From a personal level... it sucks to see what has become of our economy, and our savings accounts. Who do we thank for all this?
 
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