Playing the I fund

[fabijo]

Re: Rod's Account Talk

Gosh, I'm glad it's a slow night at work.

It sure is going to be fun watching "The Nik"

Yup, same here. I'm sitting here at "work"

On another note.. I'm new to the investment world. I've been reading alot these past few months. I've already made plenty of bad mistakes, but nothing like losing my family savings.
In May, when the stocks began their fall, I kept reading articles and headlines that seemed to indicate the international markets were reacting to the U.S. If that is true, then a good day in the U.S. should be followed by a good day internationally. This current international rally seemed to have started BEFORE the U.S. Is this any indication that the international markets are starting to be more autonomous and not as dependent on the U.S.?
By the way, the Dow Futures and S&P Futures are down. (just a little)

Edit: and thanks Tom for advising me to not let go of the I fund this week.

 

[Rod]

Re: Rod's Account Talk

This current international rally seemed to have started BEFORE the U.S.

We did have a nice rally in (I) on June 2. But it sold off within a couple days.

The current rally began after the Nikkei dropped off by 4.14% on Tuesday.

I would say it's a US led rally because Japan is now remaining in rally mode as long as the US is.

 

[JOVARN]

Friday June 16, 8:40 AM
JGB futures fall half point as Nikkei soars
TOKYO, June 16 (Reuters) - Japanese government bond (JGB) futures prices fell more than a half a point on Friday as the Nikkei share average soared.
September futures fell 0.56 point to 132.67. The Nikkei rose 2.64 percent. ADVERTISEMENT

 

[JOVARN]

http://www.bloomberg.com/apps/news?pid=10000086&sid=aXu.hKyNgGck
Emerging-Market Stocks Gain on Metals, Oil Prices; Lukoil Rises
June 15 (Bloomberg) -- Emerging-market stocks posted their biggest gain in almost two weeks as higher oil and metals prices drew investors to shares of Russia's OAO Lukoil and South Africa's AngloGold Ashanti Ltd.
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http://www.fxstreet.com/nou/noticies/afx/noticia.asp?pv_noticia=1150421715-a0a30f08-01859

Forex - US dollar lower in Sydney trade but seen rebounding soon on rate fears
Friday, June 16, 2006 1:35:16 AM
http://www.afxpress.com


SYDNEY (XFN-ASIA) - The US dollar was trading weaker against the euro and yen in a further technical pullback after strong gains last week, but dealers expect the greenback to regain its firm trend soon as worries about inflation risks in the US persist, dealers said

Most market watchers have already discounted a further 25 basis points hike in the Fed funds target rate at its meeting later this month, but there is also a growing belief that the Fed is not done yet and could boost rates further in August

 

[JOVARN]

http://www.kiplingerforecasts.com/apnews/XmlStoryResult.php?storyid=198690

Japanese Stocks Higher, Dollar Lower
(AP) TOKYO
Japanese stocks extended their rebound into a third session Friday on broad buying following a jump on Wall Street overnight. The dollar was lower against the yen.

The benchmark Nikkei 225 index rose 208.59 points, or 1.44 percent, to 14,679.35 points on the Tokyo Stock Exchange early Friday. The index climbed 1.13 percent to finish at 14,470.76 points in the previous session.

 

[JOVARN]

Just lost 65K chips in Texas Holdem to pocket aces that played 5x in 81 hands
the odds of pocket aces are 220 / 1

Just cant trust internet poker

 

[tsptalk]

That's for each player. Wouldn't it be 1 in 22 hands dealt to 10 players?

 

[Rod]

The Nik closed UP +408.58

Now the ball is back in the US market's court...

 

[HedgeHog]

Early on 16 June, Friday in Europe 0938 Central European Time. FTSE +70.70 at + 1.26%, DAX +68.39 for +1.26%, CAC +67.12 for +1.42%. As the day wears on and US markets open we will see how it holds up. NIK was up 2.82% Friday/today. Saw this article in the London Times about the dead cat bounce http://business.timesonline.co.uk/article/0,,8210-2226206,00.html
If it is, the cat is still in the air. V/R HH

 

[ebbnflow]

I ain't waitin' for the "dead cat" to drop and stink up the place. I'm back to the F Fund come Monday.

 

[airlift]

Ebbnflow,As a way to understanding your reasons to go into the G-fund, is this because you are guided by any technical indicators that might show a potential short-term correction? When you say that you would transfer to G come Monday, do you mean to make the transfer today before noon? Thanks!

I ain't waitin' for the "dead cat" to drop and stink up the place. I'm back to the F Fund come Monday.

 

[mlk_man]

Looks like we may have gotten a FV yesterday. The MSCI EAFE was up 2.0% yesterday and the I fund paid out 3.23%? Will it take it back today?

Don't know.....................

 

[HedgeHog]

China's Central Bank makes a move that is being credited with dampening European markets. Appears they have increased credit reserves that banks need on hand in relation to loans. Proposed purpose is to slow down speculative loans. Possible projected result is to cool China growth. A few minutes ago the FTSE was back positve at +.01%. HH. http://business.timesonline.co.uk/article/0,,8211-2229061,00.html

 

[ebbnflow]

Sponsor, I made a move before noon today to the F Fund. Bummer, the Fed got heard again that they are willing to go overboard and raise them rates to stem inflation.

 

[fabijo]

Looks like we may have gotten a FV yesterday. The MSCI EAFE was up 2.0% yesterday and the I fund paid out 3.23%? Will it take it back today?

Don't know.....................

Yeah, I noticed that, too. It looks like the I fund will barely move tonight (if they correct the FV).

 

[FundSurfer]

MSCI for today is about 0.6%. If the FV catches up, 0.6% - 1.2% = -0.6%.

 

[ebbnflow]

If they take it, we end up with loss (18.45), so I hope not.

 

[Robo5555]

yesterday was an awesome day for all stock funds. Hope this pony rides for a while

 

[ebbnflow]

It's official: it's 18.46, a 10 cent loss for the day. We may still be facing a downward spiral, so be prepared. The world market has suffered a 9% correction so far, when the norm usually runs at 10% to 15%. But, as a frequent trader, I see the market's volatility as a friend. I usually time my jumps and get them right between 70% to 80%. Have a good weekend everybody.

 

[airlift]

Many Technical Analysts (TA) think that the markets have reached a significant bottom and that this would induce a continuation of a summer rally. Based on your experience, and with the U.S. markets dropping on Friday, can we expect the I-fund on Monday to follow the U.S. markets to Friday's downside? Assuming that the economic numbers (Building Permits and Housing Starts) on Monday come out showing a loss or reduction in new construction. This would be a plus; and thus, less inflationary expectations would provide some support to the idea that this would lower the FED's need to raise interest rates excessively. Can we expect the I-fund to follow the U.S. markets either down or up on Monday?

All things constant, it would be a great buying opportunity on Monday if the I-fund drops on Monday! I will appreciate anyone else pitching-in. Also, the currency factor is a short-term obstacle to the I-fund in view of the fact that the dollar rose on Friday vs. the Japan currency (Yen). On the other hand, if the U.S. markets rally this week, the I-fund should do quite well??!! All these quetions will help me get a better handle on what to do. Thanks to all!

It's official: it's 18.46, a 10 cent loss for the day. We may still be facing a downward spiral, so be prepared. The world market has suffered a 9% correction so far, when the norm usually runs at 10% to 15%. But, as a frequent trader, I see the market's volatility as a friend. I usually time my jumps and get them right between 70% to 80%. Have a good weekend everybody.